JPMorgan (JPM) & Others to Pay $46M to End Rate Swaps Trial

Several major U.S. and European banks, including JPMorgan (JPM) , Goldman Sachs (GS) and BNP Paribas SA (BNPQY) , intended to pay a combined $46 million to resolve a long-standing lawsuit. The banks are accused of colluding to suppress competition in interest-rate swap trading.The investors' lawyers submitted a tentative settlement in Manhattan federal court to end the eight-year-old countrywide dispute. The settlement was filed in New York federal court and plaintiffs have asked the US District Judge Paul ...