HSBC, Barclays, BNP Paribas and Goldman Sachs are said to have recently signed agreements to settle allegations that their traders manipulated the currency market. With the latest announcement, the total amount paid by banks is now just less than $2 billion. Large banks manipulating currency markets As reported by ValueWalk, a number of investors including hedge funds, public pension funds and the city of Philadelphia filed an antitrust lawsuit against a dozen banks including JPMorgan, Bank of America, Goldman Sachs, Barclays, Deutsche Bank and Morgan Stanley among others. Last January, JPMorgan became the first bank to settle the foreign currency…
Settlements By Large Banks In Currency Manipulation Near $2 Bil
Mani
Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports