Posted 8/23/2023, 9:55:00 PM

Goldman, JPMorgan, Morgan Stanley, UBS in $499 million stock lending settlement

Goldman Sachs, JPMorgan Chase, Morgan Stanley, and UBS have agreed to pay $499 million to settle an antitrust lawsuit accusing them of conspiring to stifle competition in the stock lending market.

cnn.com

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9/11/2023

Major banks pay $499M to settle lawsuit alleging anti-competitive practices in stock lending market

Four banking giants, including JPMorgan, Goldman Sachs, UBS, and Morgan Stanley, have agreed to pay a total of $499 million to settle a class action lawsuit accusing them of attempting to hinder competition in the stock-lending market.