Big banks brace as British forex class action seeks go-ahead
LONDON, July 12 (Reuters) – A specialist London court will decide whether a long-awaited multi-billion pound class action against some of the world’s biggest banks over alleged foreign exchange rigging can proceed, after a five-day hearing kicked off on Monday. JPMorgan (JPM.N), Citigroup (C.N), Barclays (BARC.L), UBS (UBSG.S) and NatWest (NWG.L), along with Japan’s MUFG Bank [RIC:RIC:MTFGTU.UL], are braced for the […]
