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MF Global sues banks for restricting competition in CDS

NEW YORK (Reuters) - MF Global has sued 12 large banks, accusing them of restricting competition in the $25 trillion credit default swap market, the latest in a string of lawsuits alleging that banks impeded new entrants by blocking exchange trading of the contracts. Full story

Counterfeit items from sting operation destroyed

The attorney general's office has destroyed $750,000 worth of counterfeit shirts, shoes, purses, CDs and DVDs at a recycling center in Tupelo. Full story

Money market fund assets fall to $2.622 trillion

Total U.S. money market mutual fund assets fell $9.80 billion to $2.622 trillion for the week that ended Wednesday, according to the Investment Company Institute. Full story

Money market fund assets rise to $2.632 trillion

Total U.S. money market mutual fund assets rose $8.53 billion to $2.632 trillion for the week that ended Wednesday, according to the Investment Company Institute. Full story

Danish funds sue banks in U.S. for blocking CDS exchange-trading

NEW YORK (Reuters) - Four Danish pension funds have filed a lawsuit against twelve large banks, accusing them of increasing costs for investors trading in the $27 trillion credit default swap (CDS) market by stopping exchanges from entering the market. Full story

Money market fund assets rise to $2.620 trillion

Total U.S. money market mutual fund assets rose $23.82 billion to $2.62 trillion for the week that ended Wednesday, according to the Investment Company Institute. Full story

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Money market fund assets rose to $2.596 trillion

EU charges banks with blocking exchanges from derivatives market

ProShares files to launch ETFs backed by credit default swaps

Pension fund files suit against bank CDS "conspiracy"

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Related Photos

An Afghan boy selling CDs and DVDs poses for a photo in Kabul
An Afghan boy selling CDs and DVDs poses for a photo in Kabul

An Afghan boy selling CDs and DVDs poses for a photo in Kabul, April 15, 2013. REUTERS/Omar Sobhani (AFGHANISTAN - Tags: BUSINESS SOCIETY)