The settlement announced this week with multiple banks over claims they colluded to prop up fees in the stock lending market comes after an earlier $81 million deal with Credit Suisse affiliates.
August 25, 2023 at 07:30 AM
8 minute read
Editor/columnist
The stock lending market—where hedge funds seek out big institutional shareholders for a temporary transfer of stock so they can make short-selling bets—is ludicrously large.
Like $1.72 trillion dollars large.
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