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Monday, August 20, 2012

''Bank of America, Citigroup, JPMorgan Chase Face Billions In Losses in Antitrust Case''

From 4closureFraud

''Private antitrust litigation pitting some five million retailers against Visa , MasterCard , and 13 large banks, including Bank of America and Citigroup has slipped under the radar of many analysts and investors who follow those companies, but the case may deliver a multi-billion dollar shock to bank bulls in the coming months.

Aside from Bank of America and Citigroup, the other banks that appear to have the most at stake as a result of the litigation in the U.S. Eastern District of New York are US Bancorp and JPMorgan Chase. All four face billions in potential losses.''

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