Visa, Mastercard and a group of top-tier US banks including JPMorgan Chase, Bank of America and Citigroup, have agreed to pay US retailers and other merchants an extra US$900 million to settle a long-running antitrust lawsuit over card "swipe fees", the FT reports. This is in addition to a US$5.3 billion payment agreed under a 2012 settlement. Visa's share of the extra payout will be US$600 million, while Mastercard is liable for another US$108 million. Both companies said they had previously increased reserves to reflect their expected liabilities under the latest settlement deal, yet to be approved by a court. A Georgia magistrate judge recommended keeping alive two insider trading charges against a former Equifax Inc. executive accused of selling shares of the company before news of a massive hack broke last year, saying Monday that both charges are different and detailed enough to survive a dismissal bid, reports online US law news service Law360. US Magistrate Judge Russell Vineyard recommended rejecting Jun Ying's bid to dismiss a two-count indictment as each of the charges required proof of different facts and it was alleged Ying knew the Equifax data breach happened before he initiated the trades.  Deutsche Bank has confirmed its announcement from last year that it will make Frankfurt the primary booking hub for its investment banking clients, rather than London, Reuters reports. "A source familiar with the matter", told the agency that the European Central Bank, as Europe's main financial supervisor, was putting pressure on banks to shift investment banking activities from London to the continent. Regulators are demanding that capital, risk management, and governance structures are set up on the continent to support investment banking activities, the source said.