US investors in forex suit 'hopeful' of settlement

New York

INVESTORS claiming banks manipulated foreign exchange rates are "hopeful" of reaching a settlement within 30 days in their cases against HSBC Holdings plc, Barclays plc, Goldman Sachs Group Inc and BNP Paribas SA, according to their lawyer.

Michael Hausfeld, co-lead counsel for the investors suing the banks, said that there have been "serious discussions" with the four banks and settlements may be announced soon.