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EU fines Barclays, Citi, JP Morgan, MUFG and RBS $1.2 billion for FX rigging
Barclays, Citigroup, JP Morgan, MUFG, and Royal Bank of Scotland were fined a combined €1.07 billion ($1.2 billion) by the European Union for rigging the multi-trillion-dollar foreign exchange market.
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UK banks fined €1bn by EU for rigging foreign exchange market
Five banks have been fined more than €1 billion (£875 million) by the European Union for rigging the multi-trillion-dollar foreign exchange market. European Commission says decision shows ‘collusive behaviour will not be tolerated.
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Big Banks Fined by EU for Foreign-Exchange Market Misconduct
European Union authorities on Thursday fined five global banks a total of €1.07 billion ($1.2 billion) for manipulating the foreign-currency market by exchanging sensitive information and trading plans through online chat rooms to gain financially.
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Scott, Lowey Take Lead Spot In Bond Price-Fix Suit
Scott+Scott Attorneys at Law LP and Lowey Dannenberg PC to head up a proposed class action on behalf of investors who say major banks plotted for several years to fix Fannie Mae and Freddie Mac bond prices.
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Scott+Scott launches in Amsterdam
Scott+Scott opens an office in the Netherlands as it seeks to address client concerns about the effect of Brexit on competition litigation.
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Scott+Scott Expands International Footprint with Amsterdam Office
Scott+Scott announces the opening of Scott+Scott Europe BV in Amsterdam, continuing its global expansion.
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Scott+Scott Announces Class Action Suit on Behalf of R-CALF USA
Scott+Scott files a class action lawsuit in federal district court in Chicago alleging the nation’s four largest beef packers violated US antitrust laws by unlawfully depressing the prices paid to American ranchers.
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Vodafone Hits Visa, MasterCard With UK Swipe Fee Suit
Vodafone and its affiliates allege that the merchant service charges they’re required to pay for each Visa and MasterCard credit and debit card transaction have been “material times higher” than they should be.
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Scott+Scott responds to Sherman Joyce’s Law360 guest article, “Gov’t Opioid Suits Hide Attorney’s Personal Interests.”
New York’s banking regulator said Tuesday that Standard Chartered Bank will pay $40 million to resolve claims that it participated in a scheme to rig foreign exchange benchmark rates.
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Banks Accused Of Rigging Libor After Post-Scandal Overhaul
Putnam Bank accuses the owner of the New York Stock Exchange of conspiring with some of the world’s largest banks to artificially deflate a key financial benchmark.
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