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Wall Street banks secretly shared client information in online chat rooms in order to rig auctions for the trillion US Treasurys market, according to an explosive lawsuit filed in Manhattan federal court on Wednesday.
The funds, representing retirees and public workers, also claim the banks conspired to rig the secondary Treasury markets beginning in the 1990s through tightly controlled electronic platforms that inhibited more competitive trading — a new allegation that wasn’t in the original suit but mirrors similar complaints filed against banks in other markets, like stock loans.
Microsoft Skype has led the video conferencing world for so long that its name has morphed into a verb, used in sentences like, "Will you be able to Skype when you're abroad? " But Google has challenged the notion that Microsoft is the video-chatting king with its May 15, 2013 release of Google Hangouts -- a platform that was marketed as a groundbreaking technology in the realm of free group video chatting.