6 Banks And Counting Settle Sibor Price-Fixing Case For $65M

By Bryan Koenig (May 17, 2022, 5:23 PM EDT) -- Credit Suisse, Deutsche Bank, HSBC and ING Bank have added their names to the list of major banks settling out of the recently-revived class action accusing financial institutions of conspiring to fix rates in the Singapore market, according to a filing Friday teasing a full settlement soon.

Named plaintiffs Fund Liquidation Holdings LLC, Moon Capital Partners Master Fund Ltd. and Moon Capital Master Fund Ltd. sought preliminary approval in New York federal court for $64,458,000 in deals so far reached, including previously-inked settlements with Citibank for $9,990,000 and JPMorgan Chase & Co. for $10,989,000. The four new deals were inked after...

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