Organisation: Bank of America

Municipal bond purchasers win class cert

A federal judge in New York has certified a class led by the City of Philadelphia alleging that major US banks conspired to manipulate a tax-exempt bond used by municipalities, schools and charities.

25 September 2023

South Africa wins forex jurisdiction battle again

South Africa’s Competition Tribunal has refused to strike out over a dozen banks from the national enforcer’s forex cartel case for a second time, ruling that the agency has jurisdiction to fine foreign banks with no local presence for participating in a price-fixing conspiracy.

31 March 2023

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