Scope of FX suit against banks widens
Claims involve dozens of currencies and bid/ask spreads
US investors have broadened the scope of their class-action complaint against banks, which will now include allegations of collusion to manipulate bid/ask spreads and other benchmarks, as well as the London 4pm fix.
The amendment comes as nine of the 16 banks involved in the case have chosen to settle early with investors and co-operate with further investigations. This has led to investors expanding their theories of liability in the FX-rigging scandal, raising the stakes for the financial
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