Credit Suisse a named defendant in FX antitrust law suit

Bank says it is astonished by Swiss Competition Commission investigation

Credit Suisse in London
Credit Suisse

Credit Suisse is one of 11 banks named as defendants in a US class-action lawsuit that alleges banks breached antitrust laws and harmed customers as a result of their activities in the foreign exchange markets.

The class action complaint, filed in November in the Southern District of New York, alleges a violation of the Sherman Act – a federal statute in US competition law – and seeks to prove that dealers harmed customers by colluding to move prices. The complaint lists Barclays, Citi, Credit

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