Goldman, Credit Suisse Gain Approval of Stock Loan Settlements

Goldman Sachs and other large banks received final approval for settlements worth roughly $580 million to resolve antitrust claims they harmed competition by manipulating the all-electronic trading systems that match stock lenders and borrowers.

Judge Katherine Polk Failla of the US District Court for the Southern District of New York on Wednesday granted final approval of a $499 million settlement with defendants including Goldman, JPMorgan Chase & Co., UBS Group AG and Morgan Stanley, as well as trading and clearing platform Equilend.

She also gave final approval to a separate deal with Credit Suisse defendants for $81 million. ...