Tag: interest rate manipulation

Seven banks to pay $324 million to settle suit alleging interest rate manipulation

WASHINGTON, United States (AFP) — Seven big banks, including Bank of America, JP Morgan, Credit Suisse and Deutsche Bank, have agreed to pay a total of $324 million to settle a lawsuit accusing them of market manipulation of interest rates. The settlement Tuesday followed a federal judge’s ruling in March admitting the class action lawsuit brought by investors and pension funds against the banks. In all about 15 banks were named in the suit for […]