Mexican Banks Settle Bond Price-Fixing Lawsuit for $86.4 Million

By EC Assets · Published

Mexican banking affiliates have agreed to pay $86.4 million to settle an antitrust lawsuit. This settlement concludes a long, running case concerning alleged bond price, fixing. The agreement involves affiliates of Bank of America, Banco Santander, BBVA, Citigroup, Deutsche Bank, and HSBC. The settlement was reached in Manhattan. These banks are involved in Mexican bond rigging claims. The agreed payment is $86.4 million. This article is intended for informational purposes only. It does not constitute investment advice.

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