#chase brockett

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2261: I AM FREE

Today: Sarah found her journal from her Freshman year of college and it is humiliating, what it was like as a teenager in 1998 (AND FOREVER) and the inspiration behind the final entry, and Chase Brockett from Dead Comics Society joined us to talk about his show happening this Friday at Rogue Brewing featuring comics, musical guests, cornhole, and more! Have a great afternoon!

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U.S. rate-rigging payouts top $500 million as final banks settle

NEW YORK (Reuters) – Investors have reached $96 million in settlements with the final five defendants in private U.S. litigation accusing banks of rigging a key interest rate benchmark in the global derivatives market, boosting the total payout to more than $500 million.

FILE PHOTO: The corporate logo of financial firm Morgan Stanley is pictured on the company’s world headquarters in New York, U.S. April 17, 2017. REUTERS/Shannon Stapleton/File Photo

BNP Paribas SA (BNPP.PA) and Morgan Stanley (MS.N) will each pay $33.5 million, Nomura Holdings Inc (8604.T) and Wells Fargo & Co (WFC.N) will each pay $8.75 million, and brokerage ICAP Capital Markets LLC will pay $11.5 million, according to filings on Friday night in U.S. District Court in Manhattan.

Upon receiving court approval, the settlements would increase the total recovered from 14 banks plus ICAP to $504.5 million. The defendants denied wrongdoing in agreeing to the preliminary settlements.

Slideshow (3 Images)

Several pension funds and municipalities had accused banks of conspiring to manipulate the benchmark known as ISDAfix for their own gain from at least 2009 to 2012, distorting part of the $532 trillion global derivatives market.

Companies and investors use ISDAfix to price swaps transactions, commercial real estate mortgages and structured debt securities.

Daniel Brockett, a lawyer for the plaintiffs, in a court filing said only about 12 antitrust class actions had approved settlements topping $500 million, assuming the latest accords are approved.

Goldman Sachs Group Inc’s (GS.N) $56.5 million payout was the largest in the ISDAfix case.

Several banks have settled similar allegations by the U.S. Commodity Futures Trading Commission, including JPMorgan Chase & Co (JPM.N) accepting a $65 million fine on June 18.

The private litigation is among many lawsuits in the federal court in Manhattan accusing banks of conspiring to rig rate benchmarks, securities prices and commodities prices.

The case is Alaska Electrical Pension Fund et al v Bank of America NA et al, U.S. District Court, Southern District of New York, No. 14-07126.

Reporting by Jonathan Stempel in New York; Editing by Jeffrey Benkoe

The post U.S. rate-rigging payouts top $500 million as final banks settle appeared first on World The News.

from World The News https://ift.tt/2K5uGQc via Breaking News

[dani-qrt]

U.S. rate-rigging payouts top $500 million as final banks settle

NEW YORK (Reuters) – Investors have reached $96 million in settlements with the final five defendants in private U.S. litigation accusing banks of rigging a key interest rate benchmark in the global derivatives market, boosting the total payout to more than $500 million.

FILE PHOTO: The corporate logo of financial firm Morgan Stanley is pictured on the company’s world headquarters in New York, U.S. April 17, 2017. REUTERS/Shannon Stapleton/File Photo

BNP Paribas SA (BNPP.PA) and Morgan Stanley (MS.N) will each pay $33.5 million, Nomura Holdings Inc (8604.T) and Wells Fargo & Co (WFC.N) will each pay $8.75 million, and brokerage ICAP Capital Markets LLC will pay $11.5 million, according to filings on Friday night in U.S. District Court in Manhattan.

Upon receiving court approval, the settlements would increase the total recovered from 14 banks plus ICAP to $504.5 million. The defendants denied wrongdoing in agreeing to the preliminary settlements.

Slideshow (3 Images)

Several pension funds and municipalities had accused banks of conspiring to manipulate the benchmark known as ISDAfix for their own gain from at least 2009 to 2012, distorting part of the $532 trillion global derivatives market.

Companies and investors use ISDAfix to price swaps transactions, commercial real estate mortgages and structured debt securities.

Daniel Brockett, a lawyer for the plaintiffs, in a court filing said only about 12 antitrust class actions had approved settlements topping $500 million, assuming the latest accords are approved.

Goldman Sachs Group Inc’s (GS.N) $56.5 million payout was the largest in the ISDAfix case.

Several banks have settled similar allegations by the U.S. Commodity Futures Trading Commission, including JPMorgan Chase & Co (JPM.N) accepting a $65 million fine on June 18.

The private litigation is among many lawsuits in the federal court in Manhattan accusing banks of conspiring to rig rate benchmarks, securities prices and commodities prices.

The case is Alaska Electrical Pension Fund et al v Bank of America NA et al, U.S. District Court, Southern District of New York, No. 14-07126.

Reporting by Jonathan Stempel in New York; Editing by Jeffrey Benkoe

The post U.S. rate-rigging payouts top $500 million as final banks settle appeared first on World The News.

from World The News https://ift.tt/2K5uGQc via Online News

[dragnews]

U.S. rate-rigging payouts top $500 million as final banks settle

NEW YORK (Reuters) – Investors have reached $96 million in settlements with the final five defendants in private U.S. litigation accusing banks of rigging a key interest rate benchmark in the global derivatives market, boosting the total payout to more than $500 million.

FILE PHOTO: The corporate logo of financial firm Morgan Stanley is pictured on the company’s world headquarters in New York, U.S. April 17, 2017. REUTERS/Shannon Stapleton/File Photo

BNP Paribas SA (BNPP.PA) and Morgan Stanley (MS.N) will each pay $33.5 million, Nomura Holdings Inc (8604.T) and Wells Fargo & Co (WFC.N) will each pay $8.75 million, and brokerage ICAP Capital Markets LLC will pay $11.5 million, according to filings on Friday night in U.S. District Court in Manhattan.

Upon receiving court approval, the settlements would increase the total recovered from 14 banks plus ICAP to $504.5 million. The defendants denied wrongdoing in agreeing to the preliminary settlements.

Slideshow (3 Images)

Several pension funds and municipalities had accused banks of conspiring to manipulate the benchmark known as ISDAfix for their own gain from at least 2009 to 2012, distorting part of the $532 trillion global derivatives market.

Companies and investors use ISDAfix to price swaps transactions, commercial real estate mortgages and structured debt securities.

Daniel Brockett, a lawyer for the plaintiffs, in a court filing said only about 12 antitrust class actions had approved settlements topping $500 million, assuming the latest accords are approved.

Goldman Sachs Group Inc’s (GS.N) $56.5 million payout was the largest in the ISDAfix case.

Several banks have settled similar allegations by the U.S. Commodity Futures Trading Commission, including JPMorgan Chase & Co (JPM.N) accepting a $65 million fine on June 18.

The private litigation is among many lawsuits in the federal court in Manhattan accusing banks of conspiring to rig rate benchmarks, securities prices and commodities prices.

The case is Alaska Electrical Pension Fund et al v Bank of America NA et al, U.S. District Court, Southern District of New York, No. 14-07126.

Reporting by Jonathan Stempel in New York; Editing by Jeffrey Benkoe

The post U.S. rate-rigging payouts top $500 million as final banks settle appeared first on World The News.

from World The News https://ift.tt/2K5uGQc via Today News

[portlandstandupphotoalbum]

Chase Brockett. Get Wet at The Splash Bar. 05/02/16. Photo by Deira Bowie.

[portlandstandupphotoalbum]

Comedy @ Kiggins 2016 Graduation. Kiggins Theatre. Photo by Alex Ell

[portlandstandupphotoalbum]

Brandy Feit. Chase Brockett. Christian Ricketts. David Mascorro. Steve Magnuson. Jon Washington. 7-on-7. Brody Theater. 8/14/2015. Photo by Alex Ell.