Seven Major Banks Pay Chump Change to Settle Lawsuit Over Lucrative Scheme | VICE NewsSeven of the world’s biggest banks have agreed to pay $324 million to settle a private US lawsuit accusing them of rigging an interest rate benchmark used in the $553 trillion derivatives market. The settlement made public on Tuesday, which requires court approval, resolves antitrust claims against Bank of America, Barclays, Citigroup, Credit Suisse, Deutsche Bank, JPMorgan Chase, and Royal Bank of Scotland.