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Friday, September 18, 2015

'Historic' victory won over Wall Street

Wall Street’s biggest banks have reached a $1.87 billion settlement in federal court over allegations they worked together to rig the market for credit default swaps.
The list of defendants includes some of the biggest names on Wall Street: Bank of America Corp., Barclays PLC, BNP Paribas SA, Citigroup Inc., Credit Suisse Group AG, Deutsche Bank AG, Goldman Sachs Group Inc., HSBC Holdings PLC, JPMorgan Chase & Co., Morgan Stanley, Royal Bank of Scotland Group PLC and UBS AG.

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