Barclays, Citibank, others must compensate 'wronged' forex market players, says UK mass-lawsuit lead

By Lewis Crofts and Simon Zekaria ( February 4, 2020, 17:25 GMT | Insight) -- Barclays, Citibank and Royal Bank of Scotland are among six banks at risk from a planned UK mass lawsuit against them over forex rate-rigging because thousands of market participants have been “wronged,” the man heading up the claim has said. In an interview with MLex, Phillip Evans also said the proposed suit, which seeks damages payouts for a variety of institutional and private investors worldwide, can make the UK's nascent class-action regime work better.Barclays, Citibank and Royal Bank of Scotland are among six banks at risk from a planned UK mass lawsuit against them over foreign-exchange rate-rigging because thousands of market participants have been "wronged," the man heading up the claim has said....

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Barclays, Citibank, others must compensate 'wronged' forex market players, says UK mass-lawsuit lead

Prepare for tomorrow’s regulatory change, today

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