NEW YORK, January 31. /Corr. Kirill Volkov/. British Bank Barclays and Swiss financial conglomerate Credit Suisse will pay the U.S. authorities a total of $154 million to settle lawsuits over allegations of financial fraud so-called “dark liquidity”. This was reported on Sunday Agency Reuters.
Credit Suisse will pay $885 million to resolve claims from the U.S. government
Charges of fraud were brought against banks in 2014 the Prosecutor’s office in new York. According to authorities, the financial entities misled their customers who were granted access to trading of securities through so-called “dark pool” – anonymous platform that allows to trade in the market, bypassing the open exchanges and therefore do not disclose information about how many shares they intend to buy or sell players.
As argued by the Prosecutor’s office, Barclays and Credit Suisse falsified documents and provided their clients with a platform of false financial information to protect some investors participating in “dark pool”, while hurting the interests of others. The investigation against the banks in this regard has also been launched by the Commission on securities and stock exchanges of the USA.
According to Reuters, made in accordance with the American authorities to the agreement, Barclays admitted his guilt in financial irregularities will pay and will pay $70 million to settle all claims. The amount shall pay to Credit Suisse, in turn, will make $84 million
According to the Agency, officially, about the settlement of claims between banks and the US authorities will be announced on Monday.
Six traders British Bank Barclays are suspected of illegal fraud