Wall Street Banks to Settle Credit Default Swaps Lawsuit for $1.87 Billion

Some of Wall Street’s 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. By Bob Van Voris Jesse Drucker.
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