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