Archive | September 2015

It’s Grimm for Volkswagen

Schadenfreude is an emotion that many non-Germans are indulging in at the news that Volkswagen is not the squeaky clean corporation that everyone believed it was.
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A festering SORE

On September 11th, twelve ‘Too Big To Fail’ (TBTF) banks reached an in principle settlement in a class action lawsuit to resolve investor claims that the banks conspired to fix prices and limit competition in the market for credit default swaps (CDS).

The historic settlement is estimated to cost some $1.865 billion which, as the claimants’ lawyers said [1], was “one of the largest antitrust class-action settlements” in the financial area.
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