Six Banks Reported Agreeing to $86.4M Bond Settlement
Six major banks' Mexican banking affiliates agreed to an $86.4 million settlement to end an eight-year U.S. antitrust lawsuit alleging coordination to rig prices and allocations in Mexico's government bond market, with the preliminary filing in Manhattan pending judicial approval. When combined with earlier settlements by Barclays and JPMorgan Chase, the deal would total about $107.1 million, and the banks deny wrongdoing while investors—led by pension funds—cite evidence of trader communications showing price manipulation from 2006 to 2017.
Finance · 7 sources · Aug 18, 2026Read it
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About HSBC
HSBC Holdings plc is a British universal bank and financial services group headquartered in London, England, with historical and business links to East Asia and a multinational footprint. According to S&P Global's April 2026 report, HSBC is Europe's second-largest bank by assets, with $3.212 trillion in assets. This also puts it as the eighth-largest bank in the world by total assets and the third-largest non-state owned bank in the world.
Everything about HSBC →- Country
- United Kingdom
- Headquarters
- 8 Canada Square
- Inception
- 1865
- Website
- https://hsbc.com/, https://hsbc.co.uk, https://www.hsbc.com.mx/, https://www.hsbc.com.tr/