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Big banks fail to stop US currency rigging lawsuit

Friday, January 30, 2015 - 05:50

The lawsuit is separate from criminal and civil probes worldwide into whether banks rigged currency rates to boost profit at the expense of customers and investors.

New York

A FEDERAL judge on Wednesday said US investors may pursue a nationwide antitrust lawsuit accusing 12 major banks of rigging prices in the US$5.3 trillion-a-day foreign exchange market.

US District Judge Lorna Schofield in Manhattan rejected the defendants' arguments that

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