Mexico sovereign bond rigging case settled in New York
Agreement appears to resolve remaining claims over banks’ alleged manipulation of sovereign debt market
The Mexican affiliates of six major banks have agreed to pay $86.4 million to settle an antitrust lawsuit over allegations that they rigged the market for Mexican government bonds.
A preliminary settlement was filed in a US federal court in New York on August 14 to resolve the remaining claims in the case pending judicial approval. The entities involved – subsidiaries of Bank of America, Banco Santander, BBVA, Citigroup, Deutsche Bank and HSBC – denied wrongdoing in agreeing to settle.
Deutsche
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