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Jay Syrmopoulos – 10 Biggest Wall St. Banks Now Facing Legal Action for Price Fixing $320 Trillion Derivative Market

New York, NY – A class action lawsuit, filed last week, accuses two trading platforms and ten of Wall Street’s largest megabanks of conspiring to stifle competition in the $320 trillion dollar derivatives market for interest rate swaps.

The lawsuit claims the banks “have been able to extract billions of dollars in monopoly rents, year after year, from the class members in this case.”

According to a report by Reuters:

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