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Major Banks Face Another Class Action Lawsuit Alleging FX Rates Manipulation
- A South Korean semiconductor firm, Simmtech Co. Ltd., files the latest suit against several big banks, only a week after a US retirement fund filed the first class action lawsuit over FX rate manipulation.
Wednesday, 20/11/2013 | 11:00 GMT by
Avi Mizrahi
7 Banks Sued Over FX Rates Manipulation; HSBC Latest to Announce Cooperation with Authorities
- A retirement fund from Massachusetts alleges that the international FX manipulation investigation exposes a conspiracy that violates US antitrust laws, hurting the returns on trades and pension plans.
Tuesday, 05/11/2013 | 11:48 GMT by
Avi Mizrahi
After the Demise of Liberty Reserve, Co-Founder Vladimir Kats Pleads Guilty to Multiple Related Charges
- The payment provider whose collapse shocked Forex brokers and traders, gets some justice for its victims as co-founder Vladimir Kats of Brooklyn pleads guilty to multiple counts conspiring in the fraud.
Friday, 01/11/2013 | 15:20 GMT by
Steven Hatzakis
Barclays Reports FICC Revenues Down 44% in 3Q 2013, Cooperating with International FX Investigation
- The british banking giant, in an Interim Management Statement reported declines in revenues and profits from the unit that includes its currency business, the bank received enquiries from investigators.
Thursday, 31/10/2013 | 12:53 GMT by
Avi Mizrahi
FINMA Ready to Bark and Bite: Investigates FX Market Manipulation by Swiss Institutions
- The Swiss Financial Market Supervisory Authority investigates Swiss firms for Foreign Exchange rate manipulation. Regulators in other countries join as multiple banks outside the region may be implicated too.
Friday, 04/10/2013 | 21:01 GMT by
Steven Hatzakis
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