Stock Lending Antitrust Case Filed Against Six Large Banks
Six banks are facing charges that claim they have created a monopoly
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- Written by Banking Exchange staff
Six banks that include JP Morgan and Goldman Sachs are facing charges that claim they have created a monopoly within the large stock lending industry.
The complaint came from several retirement systems and other entities including the Los Angeles County Employees Retirement System and Torus Capital LLC.
The charges are focused on excessive fees charged to the investors by the banks.
Tagged under Fair Lending, Compliance/Regulatory, Community Banking, Feature3,
