Bond rigging suit quotes cache of chats to boost accusation

HUNDREDS OF electronic chat transcripts prove some of the world’s biggest banks rigged a multitrillion-dollar corner of the bond market, according to an amended lawsuit from investors allegedly harmed by the behavior. The Toronto-Dominion Bank (TD) building, second right, stands in the financial district of Toronto, Ontario, Canada. TD Bank is one of several defendants. /BLOOMBERG NEWS PHOTO/ BRENT LEWIN
HUNDREDS OF electronic chat transcripts prove some of the world’s biggest banks rigged a multitrillion-dollar corner of the bond market, according to an amended lawsuit from investors allegedly harmed by the behavior. The Toronto-Dominion Bank (TD) building, second right, stands in the financial district of Toronto, Ontario, Canada. TD Bank is one of several defendants in a bond rigging lawsuit. /BLOOMBERG NEWS PHOTO/ BRENT LEWIN
NEW YORK - Hundreds of electronic chat transcripts prove some of the world’s biggest banks rigged a multitrillion-dollar corner of the bond market, according to an amended lawsuit from investors allegedly harmed by the behavior. The bonds in question are known as supranational, sub-sovereign and agency debt -- often called SSA bonds. A Bloomberg analysis…

Want More?

Subscribe or register with Providence Business News to keep reading.

REGISTER
for 2 more stories

Subscribe now for $1 for 4 weeks
Already a Subscriber? Login now

Purchase NowWant to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.

- Advertisement -