Derivatives

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Goldman settles rate rigging lawsuit

Goldman Sachs Still

Goldman Sachs has agreed to pay $56.5m to resolve a U.S. class action lawsuit accusing it and other banks of rigging an interest rate benchmark used in the $553tril derivatives market.

Citi derivatives trading team bring in $300m

Citi Building Sign

A team of Citigroup derivatives traders generated about $300m of revenue this year, thriving from serving companies and investors trying to anticipate central bank decisions, according to people with direct knowledge of the matter.

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