Big banks in $1.87 billion swaps price-fixing settlement

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Big banks in $1.87 billion swaps price-fixing settlement

Big banks in .87 billion swaps price-fixing settlement
NEW YORK (Reuters) - Twelve major banks have reached a $1.865 billion settlement to resolve investor claims that they conspired to fix prices and restrain competition in the roughly $16 trillion market for credit default swaps, a lawyer for the investors said on Friday.

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