The US Justice Division is ramping up scrutiny of banks that collectively misplaced billions of {dollars} within the collapse of Invoice Hwang’s funding agency. The DOJ is probing if there was collusion or a conspiracy to collude to regulate costs throughout emergency talks the banks held in March 2021, the place contributors floated proposals to coordinate an orderly liquidation of their consumer’s portfolio to reduce their very own losses. Ava Benny-Morrison experiences on Bloomberg Tv.
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