Lawsuits
More banks to be swept up in FX settlements – Hausfeld
Institutions not fined by regulators are still likely to face punishment according to the co-counsel in the class action lawsuit in New York
CME FX fix under microscope in new lawsuit
Possible listed FX futures and options manipulation brought to court in New York as scope of benchmark investigation widens
BAML settles lawsuit and doubles FX revenues
The US bank is the third firm to pay up, alongside UBS and JP Morgan, as it reports its best FX figures since the financial crisis
BNY Mellon fined $714 million in FX case
The US bank has settled a three-year legal battle over defrauding its customers in how it handled currency transactions
Citi chases $25 million in Swiss franc lawsuit
US bank files lawsuit against prime brokerage client over events stemming from the Swiss franc's surge in value
UBS pays $135 million in FX benchmark case
The Swiss bank is the latest to settle civil litigation in the US over the manipulation of FX benchmarks
DoJ and anti-trust lawyers compromise over FX lawsuit
The US regulator restricts the finer details of its evidence against banks, but allows counsel to continue its civil case
FX settlements could be delayed by DoJ
The US Department of Justice's request to keep its discovery information out of the hands of lawyers pursuing a class action lawsuit against banks may scupper settlement negotiations
Settlement hopes boosted by US court decision
Judge throws out banks' plea to dismiss FX class-action lawsuit, bolstering the likelihood of more settlements
FX settlements strengthen civil law suit in US
Lawyers representing the plaintiff class in a civil lawsuit in New York have been encouraged by regulators' settlements with banks over their misconduct surrounding FX benchmarks
FX benchmark manipulated more than 25% of the time, plaintiffs say
Plaintiff's council is alleging manipulation occurred in six currency pairs on the last trading day of each month
Lloyds Bank removed as defendant from FX lawsuit
Lloyds Bank is no longer a defendant in the FX class action lawsuit in the US, while BAML and BNP Paribas have been added to the case
US pension fund sues seven dealers over FX benchmark rigging
Massachusetts-based pension fund Haverhill Retirement System is suing seven FX dealers for manipulation of the WM/Reuters benchmark rates
Focus on: Remuneration
The UK Financial Services Authority implemented its revised Remuneration Code at the start of this year, putting new rules in place around salaries, bonuses and retention payments. Joel Clark talks to Andrew Young, a solicitor in the employment practice…
FX chief sues St George over payout
Base salary calculation not reflective of overall compensation structure for traders, claims former fx options executive