Big Banks Suspected in Muni Bid-Rigging Scheme

March 2010
American Banker;3/29/2010, Vol. 175 Issue 47, p12
Trade Publication
The article reports that more than 12 banks and investment firms are suspected co-conspirators by the U.S. Department of Justice's antitrust division for alleged bid-rigging and price-fixing in municipal financing. The suspected banks and investment firms include JPMorgan Chase and Company, Citigroup Incorporated, and Wells Fargo and Company. The list of banks was mistakenly filed as part of a request for evidence from the U.S. government in a case against CDR Financial Products Incorporated.


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