http://articles.chicagotribune.com/2...lt-swaps-banks
"MF Global has sued 12 large banks, accusing them of restricting competition in the $25 trillion credit default swap market, the latest in a string of lawsuits alleging that banks impeded new entrants by blocking exchange trading of the contracts.The case, filed on Monday in the U.S. District Court in the Northern District of Illinois, follows similar suits filed by an Ohio-based pension fund, the Sheet Metal Workers Local 33 Cleveland District Pension Plan, and by a group of Danish pension funds in the same court."
"MF Global has sued 12 large banks, accusing them of restricting competition in the $25 trillion credit default swap market, the latest in a string of lawsuits alleging that banks impeded new entrants by blocking exchange trading of the contracts.The case, filed on Monday in the U.S. District Court in the Northern District of Illinois, follows similar suits filed by an Ohio-based pension fund, the Sheet Metal Workers Local 33 Cleveland District Pension Plan, and by a group of Danish pension funds in the same court."
by InformedTrades via InformedTrades
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