The Commission has closed its antitrust proceedings against all 13 investment banks involved in its investigation into the credit default swaps market. The banks involved were: Bank of America Merrill Lynch, Barclays, Bear Stearns, BNP Paribas, Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC, JP Morgan, Morgan Stanley, Royal Bank of Scotland and UBS. It was alleged that all parties, along with Markit and ISDA, had coordinated to foreclose from the credit default swaps market, Deutsche Börse in 2007 and Chicago Mercantile Exchange in 2008. The Commission has decided that the evidence was not sufficiently conclusive to confirm its concerns. However, this closure does not prejudge the outcome of the Commission’s investigation regarding Markit and ISDA, which is ongoing. (Source: Commission Closes Credit Default Swaps Case Against Banks)