Thirteen of the world's biggest banks have been accused by an Alaska pension fund of breaking U.S. antitrust and commodities laws by rigging an interest rate benchmark used to price many financial instruments in the $710 trillion derivatives market. In a complaint filed on Thursday in U.S. District Court in Manhattan, the Alaska Electrical Pension Fund said the banks ran a "secret conspiracy" to set the "ISDAfix" rate at artificial levels from 2009 to 2012, causing billions of dollars of investor losses. The defendants include Bank of America Corp BAC.N, Barclays Plc BARC.L, BNP Paribas SA BNPP.PA, Citigroup Inc C.N, Credit Suisse Group AG CSGN.VX, Deutsche Bank AG DBKGn.DE, Goldman Sachs Group Inc GS.N, HSBC Holdings Plc HSBA.L, JPMorgan Chase & Co JPM.N, Nomura Holdings Inc. 8604.T, Royal Bank of Scotland Group Plc RBS.L, UBS AG UBSN.VX and Wells Fargo & Co WFC.N. Also named as a defendant was ICAP Plc IAP.L, a British brokerage that in January lost its role as the administrator
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