Several big banks have agreed to a $499 million settlement in an antitrust lawsuit.

<div class="block">Several big banks have agreed to a $499 million settlement in an antitrust lawsuit.</div>

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Big Banks Agree to $499M Antitrust Settlement

Several big banks have agreed to a nearly $499 million settlement in an antitrust lawsuit. Investors accuse Goldman Sachs JP Morgan Chase Morgan Stanley and UBS of working together to stifle competition in stock lending. Well, it comes after investors reached an $81 million settlement last year with credit suisse which UBS has since purchased. The investor's case against Bank of America is still ongoing and the banks in yesterday's settlements have all agreed to cooperate in the case.