This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

Barclays, Citibank, UBS Australian forex-cartel lawsuit ends in $37.9 million settlement

By James Panichi ( August 21, 2025, 07:20 GMT | Insight) -- Barclays, Citibank, J.P. Morgan, UBS Investment Bank and NatWest have agreed to pay $37.9 million to settle a marathon antitrust class action in Australia, linked to a global foreign-exchange cartel, with a judge signing off on the agreement in a recent court hearing. In a decision on Aug. 15, Federal Court of Australia Judge Jonathan Beach said he would approve the settlement, wrapping up a lawsuit that had been filed in May 2019. Barclays, Citibank, J.P. Morgan, UBS Investment Bank and NatWest have agreed to pay A$59 million ($37.9 million) to settle a marathon antitrust class action in Australia, linked to a global foreign-exchange cartel, with a judge signing off on the agreement in a recent court hearing....

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login

Related Sections