Seven banks including Bank of America, Barclays Bank Plc and Citigroup agreed to pay $324 million to settle claims they conspired to rig the ISDAfix benchmark, which is used in the sale of interest-rate derivatives and other financial instruments.
Seven banks including Bank of America, Barclays Bank Plc and Citigroup agreed to pay $324 million to settle claims they conspired to rig the ISDAfix benchmark, which is used in the sale of interest-rate derivatives and other financial instruments. Spencer Platt Getty Images
Seven banks including Bank of America, Barclays Bank Plc and Citigroup agreed to pay $324 million to settle claims they conspired to rig the ISDAfix benchmark, which is used in the sale of interest-rate derivatives and other financial instruments. Spencer Platt Getty Images

BofA, other banks pay $324M to resolve rate-rigging claims

May 04, 2016 02:51 PM