It wasn’t pretty.

Here’s what Credit Suisse was looking at heading to trial on claims the bank conspired with 15 other players to manipulate spreads in the $5 trillion-per-day foreign exchange market: A certified class, a stack of guilty pleas from other banks and traders who admitted to wrongdoing, another stack of traders set to take the Fifth when questioned about what they did, and reams of chatroom transcripts with seemingly incriminating communications, including one from a Credit Suisse trader saying “Let’s sign a pact on spreads.”

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