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BAC
New York Post
2 days

Big banks defeat antitrust lawsuit in US over bond trades

1. A federal judge dismissed an antitrust lawsuit against major banks, including BAC. 2. Investors accused banks of manipulating 'odd-lot' corporate bond trades since 2006. 3. Judge found no evidence of a conspiracy to inflate bond prices. 4. Case dismissal is with prejudice and cannot be retried. 5. BAC's market position remains unaffected by this antitrust ruling.

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FAQ

Why Neutral?

The lawsuit's dismissal removes potential legal risks, stabilizing BAC’s market position.

How important is it?

The dismissal of the lawsuit reduces litigation risks, but overall market conditions remain a factor.

Why Short Term?

The ruling immediately alleviates current uncertainties surrounding BAC’s legal standing.

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