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Philly Hits Big Banks With Rate-Swap Antitrust Suit

By Diana Novak Jones (May 23, 2016, 8:25 PM EDT) -- The city of Philadelphia filed a proposed class action in Illinois federal court Monday that accuses 14 major world financial institutions of colluding to prevent interest rate swaps from being bought and sold on an exchange, the latest in a series of suits over the same allegation....

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