The American Empire in a Changing World


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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