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Barclays says 'opaque' global forex market hinders UK mass antitrust suits

By Simon Zekaria ( July 13, 2021, 16:00 GMT | Insight) -- Barclays Bank told a UK judge today that planned mass antitrust lawsuits against it and other banks over global forex collusion faced difficulty because the currency trading market — worth trillions of dollars in daily transactions — is hard to understand. On the second day of a hearing at the UK's competition court, the bank quizzed experts put forward by two class representatives competing to sue a clutch of banks. Barclays Bank told a UK judge today that planned mass antitrust lawsuits against it and other banks over global foreign-exchange collusion faced difficulty because the currency trading market — worth trillions of dollars in daily transactions — is hard to understand....

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