The US legal firm , Scott and Scott , has said that the largest global banks will face fresh legal proceedings in the UK this year over allegedly cheating clients on foreign currencies that could cost the banks money . This follows a series of investigations by regulators , including the firm , who plans to bring the new cases against the banks . The firm's managing partner David Scott is on a train to Paris where he will be meeting with potential claimants and then heading to Berlin to do the same. The Financial Services Authority ( FCA ) has already taken regulatory action against firms , and now " we would be bringing claims on behalf of banks and investors " in Ireland , said Scott and Scott 's spokesman , with the cases being litigated in the UK .
The US legal firm , Scott and Scott , has said that the largest global banks will face fresh legal proceedings in the UK this year over allegedly cheating clients on foreign currencies that could cost the banks money . This follows a series of investigations by regulators , including the firm , who plans to bring the new cases against the banks . The Financial Services Authority ( FCA ) has already taken regulatory action against firms , and now " we would be bringing claims on behalf of banks and investors " in Ireland , said Scott and Scott 's spokesman , with the cases being litigated in the UK .