• HOME :
  • NEWS :
  • WHY CITIES AND PENSION FUNDS ARE SUING BIG BANKS (AGAIN)

Why cities and pension funds are suing big banks (again)

APRIL 5, 2019 | by Liz Farmer | GOVERNING

Baltimore has filed two antitrust lawsuits in eight days, alleging price-fixing by big banks and hoping to turn both proceedings into class action suits that seek billions in damages for governments and pension plans. The suits address two different kinds of municipal market bonds, but both levy the same charges: that banks manipulated interest rates to their advantage, at the expense of taxpayers.

NEWS

Create your own charts

VIEW LESS