More Big Banks to Pay Millions to Investors

Posted by Angie Goertz on Jul 25, 2017 2:20:23 PM

When investors Sonterra Capital Master Fund, Hayman Capital Management LP and the California State Teachers’ Retirement System believed that a number of banks and brokerage firms had manipulated the yen-Libor rate, they sued in a New York federal court in 2015. Last week, Deutsche Bank AG and JPMorgan Chase & Co. have agreed to pay a hefty $148 million to settle investors’ claims.

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Topics: Banks, Investors, Investor Claims, Brokerage Firms