- An affiliate of MF Global sues, alleging 11 banks engaged in anticompetitive practices to keep the company out of the lucrative clearing business for swaps
- It's the third U.S.lawsuit making such claims (previous), and the EU has also filed suit
- Those charged: BAC, BCS, C, CS, DB, GS, MS, RBS, UBS
- JPMorgan (NYSE:JPM) is named as a co-conspirator, while the ISDA and Markit are named separately as defendants
- One source suggests the 3 U.S. claims could be consolidated into one case
Banks sued again over CDS monopoly
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| Symbol | Last Price | % Chg |
|---|---|---|
| BAC | - | - |
| Bank of America Corporation | ||