{"id":5839,"date":"2015-09-12T00:00:00","date_gmt":"2015-09-12T05:00:00","guid":{"rendered":"https:\/\/institutionalinvestorsecuritiesblog.blawgcloud.com\/2015\/09\/bank_of_america_deutsche_bank"},"modified":"2021-09-20T15:42:57","modified_gmt":"2021-09-20T20:42:57","slug":"bank-of-america-deutsche-bank","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/bank-of-america-deutsche-bank\/","title":{"rendered":"Bank of America, Deutsche Bank, Citigroup, & Other Big Banks Settle $1.87B Settlement Over Swaps Price-Fixing Case"},"content":{"rendered":"

$1.87B securities settlement <\/a>has been reached with 12 major banks. The case resolves investor claims that the financial firms conspired to rig prices to hold back competition in the credit default market. For now, the resolution is an agreement in principal and the parties have two weeks to work out the details before turning the deal over to U.S. District Judge Denise Cote in Manhattan for preliminary approval.<\/p>\n

The defendants in this credit default case are:<\/em><\/p>\n

\u00b7 Bank of America Corp. (BAC)<\/a><\/p>\n

\u00b7 UBS AG (UBS)<\/a><\/p>\n

\u00b7 Goldman Sachs Group Inc., (GS)<\/p>\n

\u00b7 Barclays (BARC)<\/p>\n

\u00b7 Royal Bank of Scotland Group Plc (RBS)<\/p>\n

\u00b7 BNP Paribas SA (BNP) <\/p>\n

\u00b7 Morgan Stanley (MS)<\/p>\n

\u00b7 Citigroup (C)<\/a><\/p>\n

\u00b7 JPMorgan Chase (JPM)<\/p>\n

\u00b7 Credit Suisse Group AG (CS)<\/p>\n

\u00b7 Deutsche Bank AG (DB)<\/p>\n

\u00b7 HSBC Holdings Plc (HSBC) <\/p>\n

\nMarkit Ltd and the International Swaps and Derivatives Association are also defendants. \n <\/p>\n

Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

$1.87B securities settlement has been reached with 12 major banks. The case resolves investor claims that the financial firms conspired to rig prices to hold back competition in the credit default market. For now, the resolution is an agreement in principal and the parties have two weeks to work out the details before turning the […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3751,3820,3817,3818,3752,3947,3958,3787,4036,3755],"tags":[],"class_list":["post-5839","post","type-post","status-publish","format-standard","hentry","category-bank-of-america","category-citigroup","category-credit-suisse","category-deutsche-bank","category-financial-firms","category-goldman-sachs","category-jp-morgan-chase","category-morgan-stanley","category-royal-bank-of-scotland","category-ubs"],"yoast_head":"\nBank of America, Deutsche Bank, Citigroup, & Other Big Banks Settle $1.87B Settlement Over Swaps Price-Fixing Case — Investor Lawyers Blog — September 12, 2015<\/title>\n<meta name=\"description\" content=\"$1.87B securities settlement has been reached with 12 major banks. 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