Aug
14

HSBC, Barclays Among Banks in $2 Billion Currency Accord

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HSBC Holdings Plc, Barclays Plc and three other banks agreed to settle U.S. investor lawsuits tied to the currency-rigging scandal, bringing the total so far to more than $2 billion across nine firms.

Goldman Sachs Group Inc., BNP Paribas SA and Royal Bank of Scotland Group Plc also agreed to settle class actions claiming the banks conspired to manipulate the $5.3 trillion-a-day foreign-exchange market, said Christopher Burke, whose firm is one of two lead counsel for U.S. investors.

Michael Hausfeld, head of the other co-lead firm, said after a hearing Thursday in Manhattan federal court that he’s considering filing similar foreign-exchange manipulation claims on behalf of clients outside the U.S…

HSBC, Barclays Among Banks in $2 Billion Currency Accord

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