Wednesday, May 24, 2017

Rate-Swap Class Plaintiffs Paint Big-Dollar Damages Picture

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A Manhattan federal judge sought Tuesday to assess the size of a potential class action alleging a dozen megabanks including Goldman Sachs Group Inc. and Bank of America Corp. colluded to block startup trading platforms from entering the giant market for interest rate swaps, after a plaintiffs-side lawyer alluded to potential billion-dollar damages.

May 24, 2017 at 03:28AM

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