A US lawsuit accuses ten of the world’s largest banks of manipulating the corporate bond market. The major banks – including Credit Suisse – are said to have charged prices too high for almost 14 years. As a result, investors have been financially damaged, according to court documents published on Tuesday.
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In addition to Credit Suisse, the suspected financial institutions include JPMorgan Chase, Bank of America, Barclays, Citigroup, Deutsche Bank, Goldman Sachs, Morgan Stanley, Royal Bank of Scotland and Wells Fargo. Most of the big banks, including Credit Suisse, declined to comment. (SDA)
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