The UK legal firm, Scott and Scott , has said that the largest global banks will face fresh legal challenges in the US this autumn over allegedly cheating clients on foreign currencies that could cost the banks 3 . This follows a series of investigations by regulators, says the firm, who plans to bring the new cases against the banks. Early in 2015, Bank of America paid out an $180m settlement, while UBS and JPMorgan settled in multimillion dollar agreements in the same antitrust class action. Scott (FCA) has already taken regulatory action against firms, and now "we would be bringing claims on behalf of institutions and investors" in Europe , said Scott and Scott 's spokesman, with the cases being litigated in the UK .
The UK legal firm, Scott and Scott , has said that the largest global banks will face fresh legal challenges in the US this autumn over allegedly cheating clients on foreign currencies that could cost the banks 3 . This follows a series of investigations by regulators, says the firm, who plans to bring the new cases against the banks. Scott (FCA) has already taken regulatory action against firms, and now "we would be bringing claims on behalf of institutions and investors" in Europe , said Scott and Scott 's spokesman, with the cases being litigated in the UK .