Banks including Societe Generale and Deutsche Bank , Bank of America , Morgan Stanley , Standard Chartered , Bank of America , Bank of America , are continuing the fight against accusations of rigging the foreign exchange market, attempting to throw the antitrust claims from court. The banks argue investors are not efficient enforcers of antitrust law while investors claim the banks' attempts to dismiss the case will leave victims of antitrust violations without a way to recover losses. Investigations into the potential conspiracy within the foreign exchange market have costs the banks $ 9.5bn in fines, penalties and settlements so far, with more costs expected as disputes continue.
Banks including Credit Suisse, Bank of America, Morgan Stanley, Royal Bank of Canada, Standard Chartered, Societe Generale and Deutsche Bank, are continuing the fight against accusations of rigging the foreign exchange market, attempting to throw the antitrust claims from court. The banks argue investors are not efficient enforcers of antitrust law while investors claim the banks' attempts to dismiss the case will leave victims of antitrust violations without a way to recover losses. Investigations into the potential conspiracy within the foreign exchange market have costs the banks $9.5bn in fines, penalties and settlements so far, with more costs expected as disputes continue.