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Tag: stock-lending suit

Capital and Risk, Credit, Regulations

JPMorgan, Goldman and others to pay $499M to end stock-lending suit

August 24, 2023

Via: Banking Dive

Four large banks will pay $499 million to settle a class-action lawsuit levied against them in 2017 by U.S. pension funds over the banks’ alleged attempts to thwart competition in the stock-lending market. JPMorgan Chase, Goldman Sachs, Morgan Stanley and […]