bank of America , Barclays , BNP ##bank , banks , Goldman Sachs , HSBC , JP ##bank , RBS , and UBS have agreed to pay $ 2bn in settlements to US investors , including hedge funds and pension funds , who claim they conspired to rig foreign exchange transactions . The settlements are preliminary and still needs to be agreed by a federal judge . Seven other banks are also being investigated and " they are just the case " , citing Lawyer Michael Hausfield .
Bank of America, Barclays, BNP Paribas, Citibank, Goldman Sachs, HSBC, JP Morgan, RBS, and UBS have agreed to pay $2bn in settlements to US investors, including hedge funds and pension funds, who claim they conspired to rig foreign exchange rates. The settlements are preliminary and still needs to be agreed by a district judge. Seven other banks are also being investigated and "they are just the beginning", suggested Lawyer Michael Hausfield.