antitrust
Between 2003 and 2013, J.P Morgan and 14 other major banks got caught rigging the foreign exchange market. Traders at these banks used private chat rooms to coordinate their trades and manipulate prices, which meant that they were basically cheating their customers to make more profit. Case Name: In re Foreign Exchange Benchmark Rates Antitrust Litigation (Case…
Every time that a Mastercard was used between 1992 and 2008, an additional fee of approximately 0.95% of the total price of purchase was demanded from the seller. This fee was an explicit departure from the laws of the European Union, and it was unanimously illegal as stated in 2007 by the EU themselves. The…