Goldman Sachs, BoA, Barclays and others sued over interest rate swap

Bank of America, Barclays, Goldman Sachs and other large banks have been sued by swap trading platform company, Javelin Capital Markets, for allegedly colluding to keep new platforms out of the interest rate swap (IRS) market, adding to a series of similar anti-trust cases already pending against the big banks. As we previously noted regarding this lawsuit, this move mirrors those in a suit last year by a Chicago pension fund that accused the same banks of trying to keep customers away from Javelin and other platforms.

By Jeff Zalesin (May 12, 2016, 9:14 PM EDT) -- A swap trading platform company sued Goldman Sachs, Bank of America, Barclays and other banks in New York federal court Thursday for allegedly colluding to keep new platforms out of the interest rate swap market, adding to a series of similar antitrust cases already pending against the banks....

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