- The first preliminary settlements – $48.5 million for Deutsche Bank (NYSE:DB) and $17 million for Bank of America (NYSE:BAC) – have been filed in a lawsuit over a “brazen conspiracy” to rig the government agency bond market, according to court documents.
- The lawsuit accuses 10 banks in all of colluding to force unfair bond prices on customers from 2005 to 2015.
- The other defendants include BNP Paribas (OTCQX:BNPQY), Citigroup (NYSE:C), Credit Agricole, Credit Suisse (NYSE:CS), HSBC (NYSE:HSBC), Nomura (NYSE:NMR), Royal Bank of Canada (NYSE:RY), and Toronto-Dominion Bank (NYSE:TD).
Deutsche Bank and BofA move to settle bond-rigging litigation
Recommended For You
About DB Stock
Related Stocks
Symbol | Last Price | % Chg |
---|---|---|
DB | - | - |
Deutsche Bank Aktiengesellschaft |