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Big Banks Near $1.9B Deal In CDS Antitrust Case

By Pete Brush (September 11, 2015, 10:59 AM EDT) -- A $1.865 billion deal is near in litigation accusing 12 financial giants, including Bank of America Corp., Barclays PLC and Goldman Sachs & Co., of rigging the credit default swaps market, a plaintiff's lawyer told a Manhattan federal judge Friday, calling it one of the largest private antitrust class action deals ever but cautioning the sides need time for finalization....

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