Six Banks Reported Agreeing to $86.4M Bond Settlement
Six major banks' Mexican banking affiliates agreed to an $86.4 million settlement to end an eight-year U.S. antitrust lawsuit alleging coordination to rig prices and allocations in Mexico's government bond market, with the preliminary filing in Manhattan pending judicial approval. When combined with earlier settlements by Barclays and JPMorgan Chase, the deal would total about $107.1 million, and the banks deny wrongdoing while investors—led by pension funds—cite evidence of trader communications showing price manipulation from 2006 to 2017.
Finance · 7 sources · Aug 18, 2026Read it
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About Santander Group
Banco Santander S.A., trading as Santander Group, is a Spanish multinational financial services company based in Santander. It is Europe's 4th largest bank by assets, with $2.251 trillion in assets and the 16th-largest banking institution in the world. Although known for its European banking operations, it has extended operations across North America and South America, and more recently in continental Asia, and it maintains a presence in most global financial centres.
Everything about Santander Group →- Country
- Spain
- Headquarters
- Santander
- Inception
- May 15, 1857
- Website
- https://www.santander.com/en/home