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Monday, Jun 29, 2026

Bawag: $675M to Settle Refco Charges

Austria’s Bawag PSK bank will pay at least $675 million to avoid prosecution and to settle bankruptcy claims after admitting its role in the collapse of commodities brokerage Refco Inc., U.S. authorities announced Monday.

https://news.yahoo.com/s/ap/20060605/ap_on_bi_ge/austria_bawag;_ylt=AoZvMRza3C1oZISbsHy.vCtu24cA;_ylu=X3oDMTA5aHJvMDdwBHNlYwN5bmNhdA–

*For more on this story,

read the full Associated Press article.

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