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Big banks fail to stop US currency rigging lawsuit

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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