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Lawsuit Claims Banks Used Chat Rooms to Rig Auctions for Treasury Bonds
The New York Post [nypost.com] reports:
Wall Street banks secretly shared client information in online chat rooms in order to rig auctions for the $14 trillion US Treasurys market, according to an explosive lawsuit filed in Manhattan federal court on [November 15].
The move wrongly fattened the banks’ profits and picked profits from clients, the suit claims.
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