Posted 8/24/2023, 7:39:54 AM

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

Goldman Sachs, JPMorgan Chase, Morgan Stanley, and UBS have agreed to a $499 million settlement in an antitrust lawsuit accusing them of colluding to limit competition in the stock lending market.

reuters.com

Relevant topic timeline:

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.