Four more banks named in bond price-fixing lawsuit

London

INVESTORS who are suing a group of traders and banks, saying they colluded to fix bond prices, have named four more banks as defendants.

An amended copy of their lawsuit, filed in the US District Court in Manhattan on Monday, shows BNP Paribas, HSBC, RBC and TD Bank have been added to the suit, which alleges that various banks and individuals manipulated the US dollar-denominated sovereign, supranational and agency (SSA) bond market.