United Kingdom

On behalf of the team

MLex has reported [1]Deutsche Bank, Goldman Sachs, others targeted in new UK forex damages claim that banks including BNP Paribas, Deutsche Bank, Goldman Sachs and Standard Chartered are being targeted by a new damages claim filed by Allianz Global Investors and 174 other claimants for alleged manipulation of the currency markets. The claimants’ complaint is based on two European Commission decisions of May 2019 in the FOREX scandal, in which Barclays, Citigroup, Royal Bank of Scotland, JPMorgan and the Japanese MUFG – formerly Bank of Tokyo-Mitsubishi UFJ – were called to account for their behaviour.