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Tribunal rules against FX class action on opt-out basis - Vimarsana News

Tribunal rules against FX class action on opt-out basis

A tribunal to deal with an application for a collective proceedings order in a legal action against Barclays, Citigroup, JP Morgan, Royal Bank of Scotland and UBS for foreign exchange rigging has ruled against a class action on an opt-out basis.

European Commission fines banks €344m for FX cartel - Vimarsana News

European Commission fines banks €344m for FX cartel

The European Commission has imposed fines totalling €344m (£293m) following its cartel investigation into the foreign exchange (FX) spot trading market.