March 14, 2019
The parents, subsidiaries and affiliates of nine international banking institutions all escaped a proposed class action accusing them of plotting to fix the Canadian dollar interest rate after a New York federal judge found Thursday that investors failed to delineate how the banks intended to profit from the alleged plot.
September 12, 2018
A pension fund on Tuesday fought several foreign banks' efforts to escape its New York federal suit accusing them of plotting to fix a Canadian dollar interest rate, saying HSBC, Deutsche Bank and others made trades tied to the benchmark in the U.S.
July 16, 2018
Foreign banks including Deutsche Bank AG, HSBC Bank PLC and the Royal Bank of Canada urged a New York federal court on Friday to dismiss a proposed class action accusing them and their affiliates of conspiring to rig a benchmark interest rate linked to the cost of borrowing Canadian dollars, saying the U.S. lacks jurisdiction.
January 16, 2018
Nine major banks, including Bank of America, HSBC and the Royal Bank of Canada, have been accused in a new lawsuit of conspiring to rig a benchmark interest rate linked to the cost of borrowing Canadian dollars so that they could boost their profits from certain related financial instruments.