Bank of America and others accused of manipulating trades

Bank of America, Citigroup, Credit Agricole, Credit Suisse, Deutsche Bank and JP Morgan have been hit with a proposed class action by Boston Retirement System in New York, claiming traders working for the lenders manipulated trades in the $9tn agency bond market. This marks the first nationwide class action accusing traders of colluding to fix the prices of supranational, subsovereign and agency bonds between 2005 and 2014. 
By Kurt Orzeck (May 18, 2016, 11:02 PM EDT) -- Bank of America NA, Deutsche Bank AG and other banks were hit Wednesday with a proposed investor class action in New York federal court alleging traders working for the banks manipulated trades in the $9 trillion agency bond market....

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