原標題：Lawsuit claims 10 big banks rigged market for 'odd-lot' U.S. corporate bonds
報道：紐約的Jonathan Stempel
編輯：Jonathan Oatis
NEW YORK (Reuters) - Ten of the world’s largest banks, including JPMorgan Chase and Bank of America, have been sued for allegedly conspiring over nearly 14 years to rig prices in the $9.6 trillion U.S. corporate bond market, costing ordinary investors billions of dollars.
紐約（路透社）- 包括摩根大通和美國銀行在內的十家全球最大的銀行已因涉嫌在近14年的時間裡合謀操縱了9.6萬億美元的美國企業債券市場的價格被起訴，該行為使普通投資者蒙受了數十億美元的損失。
The proposed class action filed on Tuesday in federal court in Manhattan said the banks have since August 2006 violated antitrust law by overcharging investors on “odd-lot” trades, which are worth less than $1 million and comprise 90% of all corporate bond trading.
週二向曼哈頓聯邦法院提交的集體訴訟稱，上述銀行自2006年8月以來因對“零股”交易濫收費而違反了反托拉斯法，這些交易的價值不足100萬美元，佔所有企業債券交易的90％。
Other defendants include Barclays, Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, Morgan Stanley, Royal Bank of Scotland and Wells Fargo & Co, or their respective affiliates.
其他被告包括巴克萊，花旗集團，瑞信，德意志銀行，高盛，摩根士丹利，蘇格蘭皇家銀行和富國銀行或其分支機構。
According to the 81-page complaint, the banks leveraged their power from handling more than two-thirds of U.S. corporate bond underwriting to quietly inflate spreads between the prices where they would buy and sell odd-lot bonds.
長達81頁的起訴書稱，銀行濫用權力操縱超過三分之二的美國企業債券的承銷及悄悄擴大零股債券的買賣價差。
This allegedly resulted in spreads 25% to 300% higher than on “round-lot” trades over $1 million, which are normally conducted by institutional investors, enabling the banks to reap higher compensation while boosting retail investors’ trading costs.
這導致該類買賣價差比通常由機構投資者進行的超過100萬美元的“整股交易”高出25％到300％，從而使得銀行能夠獲得更高的報酬，也提升了散戶投資者的交易成本。
“No reasonable economic justification explains the magnitude of the pricing disparity,” the complaint said. It added that odd-lot spreads are narrower even in foreign bond markets with lower volumes and liquidity.
該起訴書稱：“沒有合理的藉口可以解釋如此巨大的價格差異。”它補充道，即使在交易量和流動性較低的外國債券市場中，零股價差也較窄。
Bank of America, Barclays, Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs and Wells Fargo declined to comment. Representatives of the other banks did not immediately respond to requests for comment.
美國銀行，巴克萊，花旗集團，瑞信，德意志銀行，高盛和富國銀行均拒絕置評。其他銀行的代表沒有立即回應置評請求。
The investors are led by Isabel Litovich, a San Juan, Puerto Rico, resident who said the collusion resulted in overcharges on odd-lot bond trades through her Morgan Stanley account.
投資者由波多黎各聖胡安市的伊莎貝爾·利托維奇（Isabel Litovich）帶頭。她稱該串通行為導致其摩根士丹利賬戶中的零股債券交易被濫收費。
Lawyers for the plaintiff did not immediately respond to requests for comment.
原告律師沒有立即回應置評請求。
The Manhattan court has been home to dozens of private lawsuits accusing banks of conspiring to move various bond, commodity and currency markets. Earlier settlements in some of those cases have resulted in billions of dollars in recoveries.
數十起民事訴訟已向曼哈頓法院提起，指控銀行密謀操縱各種債券，商品和貨幣市場。這些案件中，某些較早和解的已獲數十億美元的賠償。
The case is Litovich v Bank of America Corp et al, U.S. District Court, Southern District of New York, No. 20-03154.
上述案件名稱是利托維奇訴美國銀行等銀行案，由美國紐約南區地方法院受理，案號20-03154。
