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5 Major Banks Rigged US $9trn Bond Market: Lawsuit

The Bank of America, Credit Agricole SA, Credit Suisse Group AG, Deutsche Bank AG, and Nomura Holdings were named as defendants. Five major banks and four traders were sued on Wednesday in a private U.S. lawsuit claiming they conspired to rig prices worldwide in a more than US$9 trillion market for bonds issued by government-linked organizations and agencies. Bank of America Corp , Credit …

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‘Fake’ Reform: Little to Celebrate as USA Freedom Act Passes House – Jon Queally

Though the overwhelming and bipartisan passage of the USA Freedom Act in the House of Representatives on Wednesday portends the end of the NSA’s mass collection of Americans’ private telephone records, civil liberties groups found little else to celebrate as the ultimate passage of the bill, which now heads to the Senate, would re-authorize a number of worrisome programs by extending the …