SINGAPORE: Two US-based investment funds have filed a lawsuit in New York against dozens of banks accusing them of conspiring to rig derivative prices incorporating Singapore interest rate benchmarks, a court filing showed. The suit
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HSBC warns market volatility is here to stay
Financial markets will permanently be more volatile thanks to regulations that have squeezed liquidity out of the market, according to HSBC’s chief executive Stuart Gulliver. Across the world, investment banks’ profits tumbled in the first three months
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