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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
As the dollar falters and US power turns predatory, Britain and Europe must abandon transatlantic illusions and build a collectivist alternative before the system implodes, writes ALAN SIMPSON
SOLOMON HUGHES asks whether Labour ‘engaging with decision-makers’ with scandalous records of fleecing the public is really in our interests