NEW YORK, May 3 (Reuters) - Seven of the world's biggestbanks have agreed to pay $324 million to settle a private U.S.lawsuit accusing them of rigging an interest rate benchmark usedin the $553 trillion derivatives market.
The settlement made public on Tuesday resolves antitrust andother claims against Bank of America Corp, Barclays Plc, Citigroup Inc, Credit Suisse Group AG,Deutsche Bank AG, JPMorgan Chase & Co andRoyal Bank of Scotland Group Plc.
Several pension funds and municipalities accused the banksof engaging in a conspiracy to rig the "ISDAfix" benchmark from2009 to 2012. Other bank defendants have yet to settle. (Reporting by Jonathan Stempel in New York; Editing by DavidGregorio)