Post Profile






Deutsche Bank, Bank of America settle agency bond rigging lawsuits

Deutsche Bank AG and Bank of America Corp agreed to pay a combined $65.5 million to settle investor litigation accusing large banks of rigging the roughly $9 trillion government agency bond market over a decade....The collusion allegedly ran from 2005 to 2015, and forced customers to accept unfair prices on bonds they bought and sold, court papers show. BNP Paribas SA, Citigroup Inc, Credit Agricole SA, Credit Suisse Group AG, HSBC Holdings Plc, Nomura Holdings Inc, Royal Bank of Canada and Toronto-Dominion Bank were also sued, and all sought dismissals.
read more

share

Related Posts


TD Bank to pay $20 million to settle Ponzi scheme lawsuit: attorney

Business & Finance : Business Insider: Money Game

By Dena Aubin NEW YORK (Reuters) - TD Bank has agreed to pay $20 million to settle a class action lawsuit accusing it of aiding a Ponzi scheme that allegedly bilked over a thousand European investors of more than $223 million, a law...

Deutsche Bank Pays $60 Million To Settle Gold-Manipulation Lawsuit

Business & Finance / Mortgage & Banking : Mortgage Lender Implode-O-Meter

... last night, two months after the silver settlement, Deutsche Bank agreed to pay another $60 million to settle the other side of the antitrust litigation: that of rigging the gold market... the preliminary settlement was filed on...

JPMorgan To Pay $99.5 Million To Resolve Currency Rigging Lawsuit

Business & Finance : Business Insider: Clusterstock

By Jonathan Stempel NEW YORK (Reuters) - JPMorgan Chase & Co, the largest U.S. bank, agreed to pay $99.5 million to settle its portion of an antitrust lawsuit in which investors accuse 12 major banks of rigging prices in the $5.3 tr...

Bank of America settles currency-rigging lawsuit

Business & Finance : Business Insider: Clusterstock

By Jonathan Stempel NEW YORK (Reuters) - Bank of America Corp has settled its portion of a U.S. antitrust lawsuit in which investors accused 12 major banks of rigging prices in the foreign exchange market. The settlement with the se...

Seven big banks settle U.S. rate-rigging lawsuit for $324 million

Business & Finance : Business Insider: Clusterstock

NEW YORK (Reuters) - Seven of the world's biggest banks have agreed to pay $324 million to settle a private U.S. lawsuit accusing them of rigging an interest rate benchmark used in the $553 trillion derivatives market. The settlemen...

Comments


Copyright © 2016 Regator, LLC