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Five banks sued in U.S. for rigging $9 trillion agency bond market

Five banks sued in U.S. for rigging $9 trillion agency bond market

Publicerat av Tony Harkén fredag, 20 maj 2016.

Five major banks and four traders were sued on Wednesday in a private U.S. lawsuit claiming they conspired to rig prices worldwide in a more than $9 trillion market for bonds issued by government-linked organizations and agencies.

Bank of America Corp (BAC.N), Credit Agricole SA (CAGR.PA), Credit Suisse Group AG (CSGN.S), Deutsche Bank AG (DBKGn.DE) and Nomura Holdings Inc (8604.T) were accused of secretly agreeing to widen the "bid-ask" spreads they quoted customers of supranational, sub-sovereign and agency (SSA) bonds.

Read more at - www.reuters.com/article/us-banks-rigging-lawsuit-idUSKCN0Y932L

Publicerat av

Tony Harkén

usa

Klockan i Washington, USA

US-WA - Time
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