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Wall Street Banks to Settle CDS Lawsuit for $1.87 Billion

Traders Magazine Online News, September 15, 2015

Jesse Drucker and Bob Van Voris

Some of Wall Streetís biggest financial institutions -- including Goldman Sachs Group Inc., JPMorgan Chase & Co., Citigroup Inc. and HSBC Holdings Plc -- have agreed to a $1.87 billion settlement to resolve allegations they conspired to limit competition in the lucrative credit-default swaps market.

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