Seven major banks have agreed to pay a combined $324 million to settle a lawsuit alleging illegal activity related to the ISDAfix rate, Reuters reported Tuesday.

The settlement resolves antitrust claims made by several pension funds and municipalities, Reuters reported.

Full story at http://www.reuters.com/article/us-banks-rigging-settlement-idUSKCN0XU2B5

Write to nymonitoring@dowjones.com

 

(END) Dow Jones Newswires

May 03, 2016 20:34 ET (00:34 GMT)

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