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Stories of Interest
- North Korean caught secretly mining bitcoin rival
- IPO Timelines Cut by 80% After SEC's Private Filing Decision
- How the Carried Interest Break Survived the Tax Bill
- FINRA: The Neutral Corner
- Coinbasex Says Buying and Selling Temporarily Disabled Amid Price Rout
- Bitcoin plunges by more than a third in a single day
- Goldman Is Setting Up a Cryptocurrency Trading Desk
- Jefferies Lets Employees Choose When to Receive Their Bonuses
- UBS Told to Pay $903K After Losing Retaliation Verdict
- BEWARE: Long Island Iced Tea Shares Soar After Changing Name to Long Blockchain
- Gary Cohn’s Last Laugh: Cashing Out on Trump’s Tax Plan
- E*Trade Lets Customers Trade in CBOE Bitcoin Futures
- Swiss Find Serious Shortcomings at JPMorgan in 1MDB Case
- Washington-based Investment Adviser and His Business Partner Charged in Multi-Million Dollar Scheme
- FINRA Board of Governors Meeting
- Cryptocurrency Market Now Doing Same Daily Volume as the NYSE
- Jailed Barclays Trader Must Pay $400,000 From Libor Profits
- Trump Asks ‘How’s Your 401(k)?’ But Most Voters Don’t Have One
- A Bitcoin Hedge Fund’s Return: 25,004% (That Wasn’t a Typo)
- Madoff Victims Near Full Recovery of Principal With Payout
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NEWSLETTERS & ALERTS
HSBC, UBS Latest Banks to Settle U.S. Rate-Rigging Lawsuits
HSBC and UBS will each pay $14 million to settle private U.S. litigation accusing them of rigging the ISDAfix interest rate benchmark - bringing to 10 the number of banks that have settled the lawsuit filed by Alaska Electrical Pension Fund and several other pension funds and municipalities. Four banks have yet to settle. Over $408 million has been raised by the 10 settlements.
Companies and investors use ISDAfix to price swaps transactions, commercial real estate mortgages and structured debt securities.
BANKS THAT SETTLED PREVIOUSLY.
- Goldman Sachs ($56.5 million)
- JPMorgan Chase ($52 million)
- Bank of America, Credit Suisse, Deutsche Bank, Royal Bank of Scotland ($50 million each)
- Citigroup ($42 million)
- Barclays ($30 million)
BANKS THAT HAVE NOT SETTLED.
- BNP Paribas
- Mogran Stanley
- Wells Fargo