Posts tagged "JPMorgan Chase"

UPDATE: Foreign Currency Exchange Class Action Lawsuit Gains Ground

World-thumb-178x178-34092Last Monday, a group of investors filed a consolidated complaint in a class action that accuses 12 big banks of manipulating the foreign currency exchange market.

As we reported previously, plaintiffs are suing Bank of America, Barclays, BNP Paribas, Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC, JPMorgan, Morgan Stanley, …

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Foreign Currency Exchange Class Action Lawsuit Gains Ground

World-thumb-178x178-34092Foreign exchange traders buy and sell billions in currency every day, and their trades help set a benchmark that is used to value more than $3.6 trillion in funds held by pension plans, hedge funds, and other investment vehicles.

But foreign currency exchange (Forex) is vulnerable to exploitation because it …

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