EU regulators fine five banks for forex rigging - CNBC

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Barclays, Citigroup and JP Morgan among banks fined $1.2 billion for forex rigging. (This is why the world needs bitcoin)

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Barclays, JP Morgan among banks facing UK class action over forex-rigging

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Barclays, Citigroup and JP Morgan among banks fined $1.2 billion for forex rigging

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[Business] - Morgan Stanley ousts forex traders amid probe over concealed losses

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[Business] - Morgan Stanley ousts forex traders amid probe over concealed losses | The Japan Times

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Barclays, Citigroup and JP Morgan among banks fined $1.2 billion for forex rigging

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JP Morgan, Barclays, RBS among big banks facing UK class action over Forex rigging

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JP Morgan, Barclays, RBS among big banks facing UK class action over Forex rigging

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Barclays, JP Morgan among banks facing UK class action over forex-rigging

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Barclays, Citigroup and JP Morgan among banks fined $1.2 billion for forex rigging

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Barclays, JP Morgan among banks facing UK class action over forex-rigging

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JP Morgan, Barclays, RBS among big banks facing UK class action over Forex rigging

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Barclays, Citigroup and JP Morgan among banks fined $1.2 billion for forex rigging

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JP Morgan, Barclays, RBS among big banks facing UK class action over Forex rigging

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[Business] - Barclays, JP Morgan among banks facing UK class action over forex-rigging | REUTERS

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Barclays, JP Morgan among banks facing UK class action over forex-rigging

This is the best tl;dr I could make, original reduced by 61%. (I'm a bot)
LONDON - Barclays, JP Morgan, RBS, UBS and Citigroup are being sued by investors over allegations they rigged the global foreign exchange market, in a test of U.S.-style class actions in Britain.
Litigators have long hoped to replicate in Britain the success of U.S. class action claims against banks, including Goldman Sachs, HSBC and Barclays, that have resulted $2.3 billion in settlements for big investors.
In May the European Union fined five banks a combined 1.07 billion euros for forex rigging through cartels of traders known as "Essex Express" and "Three Way Banana Split".
O'Higgins told Reuters the total value of the claim would depend on the number of forex trades executed in London for UK-domiciled units - which will be automatically included in the action - and the proportional impact of rate rigging on these.
CLASS ACTION TEST. The "Massive" action is a "Perfect" case to be brought as a so-called opt-out collective class action for breaches of UK or European Union competition law, David Scott told Reuters.
This wrangling has already delayed other class actions and some law firms have chosen a different legal route for offering pension funds, asset managers and other institutional investors the chance to hold banks to account.
Summary Source | FAQ | Feedback | Top keywords: action#1 billion#2 class#3 law#4 Scott#5
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Barclays, JP Morgan among banks facing UK class action over forex-rigging

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[Business] - Barclays, JP Morgan among banks facing UK class action over forex-rigging

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[Business] - JP Morgan, Barclays, RBS among big banks facing UK class action over Forex rigging | Russia Today

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@AlphaexCapital : Backdrop argues against US-China progress on trade - Morgan Stanley https://t.co/fp9gF3oWkp #forex #news #forextrading #investing

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