Goldman Sachs to settle US rate-rigging lawsuit for $80m

Goldman Sachs to settle US rate-rigging lawsuit for $80m

NEW YORK Goldman Sachs Group has agreed to pay US$56.5 million (S$80 million) to resolve a US class action lawsuit accusing it and other banks of rigging an interest rate benchmark used in the $553 trillion derivatives market. The proposed settlement was disclosed in papers filed in…

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