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Bank giants forced to pay out £1.3bn in rate-rigging claims
NINE banks including Barclays, HSBC and Royal Bank of Scotland agreed a settlement of more than £1.3 billion with US investors yesterday over foreign exchange rate-rigging claims.
Bank of America, BNP Paribas, Citi, Goldman Sachs, JP Morgan and UBS were also part of the settlement, according to law firm Hausfeld — which said the deal was “just the beginning.”
The settlement is the latest payout global lenders have been forced to make after being slapped with billions of
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