Major banks hit back at rate-rigging class action, argue claims are barred

Allen & Overy 2022-04-04 9:10 pm By Cindy Cameronne | Sydney

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Five major banks including JPMorgan, Citibank and UBS have denied all wrongdoing in a class action accusing them of entering a cartel agreement to rig foreign exchange rates and argue the claims were brought out of time or are barred by settlements in overseas proceedings.

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