Banking institutions Deny Buying and selling Benefit In United kingdom Forex Rigging Suit – Law360

Law360, London (January three, 2020, six:04 PM GMT) — Barclays and other banking giants accused by institutional traders of conspiring to rig the foreign exchange current market stated whilst some worker communications violated competition regulations they denied the carry out experienced an result on trade in the European Union.

The litigation submitted versus the banking giants on behalf of hundreds of institutional traders seeks billions of dollars in damages for alleged antitrust violations.

In newly posted filings with the High Courtroom that responds to issues from the investors’ counsel, Barclays and JP Morgan Chase say whilst the targeted carry out was able of obtaining an considerable result on trade in between European Union member…

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