Goldman, Credit Suisse Get Approval to Settle Equity Loans

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

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

She also gave final consent to a separate settlement with the Credit Suisse defendants for $81 million. …