Banks Escape Antitrust Charges as EU Shuts Down Swaps Probe

Updated on
  • Case opened in 2011 with naming of 13 bank involved in probe
  • Banks accused of colluding to keep competitors out of market

More than a dozen banks including Goldman Sachs Group Inc. and JPMorgan Chase & Co. will escape fines after European Union regulators dropped a four-year investigation into suspicions they conspired to shut exchanges out of the credit-default swaps market.

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