BofA, Deutsche, HSBC Bond Settlements Worth $96 Million Get Nod

Settlements worth $95.5 million resolving claims that Bank of America Corp., Deutsche Bank AG, and HSBC Holdings Plc conspired to rig the multitrillion-dollar market for bonds backed by foreign governments and multinational institutions were approved by a federal judge in Manhattan.

Judge Edgardo Ramos gave his blessing to the trio of agreements negotiated between 2017 and 2019, which call for Deutsche Bank to pay $48.5 million, HSBC to pay $30 million, and BofA to pay $17 million. The deal resolves part of a sprawling antitrust case against some of the world’s top banks.

It was “honestly negotiated by ...