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Posts Tagged ‘swaps’

Richmond’s lawsuit against banks over swaps could move to federal court

By Ava Hu | April 21, 2025
screennshot of the front page of Richmond lawsuit against banks

Update: On April 15, the case was moved from Contra Costa Superior Court to U.S. District Court in San Francisco. Richmond is suing two global banks over a $66 million financial deal it says violated California law and strapped the city for money needed to cover vital city services. Last week, the banks asked the…

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Richmond Confidential is an online news service produced by the UC Berkeley Graduate School of Journalism for, and about, the people of Richmond, California.  Our goal is to produce professional and engaging journalism that is useful for the citizens of the city.

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