The banks have paid $2bn to settle claims by US investors over FX rigging
Nine of the world’s top
investment banks have agreed to pay $2bn to settle a legal
action by US investors claiming the banks rigged key foreign
exchange benchmark rates, according to their lawyers.
The settlement between Bank of America
Merrill Lynch, Barclays, BNP Paribas, Citigroup, Goldman Sachs,
HSBC, JP Morgan, RBS and UBS, and the plaintiffs was announced
in a US court late on Thursday.
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