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Barclays, JP Morgan among banks facing UK class action over forex-rigging

Barclays, JP Morgan among banks facing UK class action over forex-rigging

05 Aug, 2019

LONDON (Reuters) - Barclays (BARC.L), JP Morgan (JPM.N), RBS (RBS.L), UBS and Citigroup (C.N) are being sued by investors over allegations they rigged the global foreign exchange market, in a test of U.S.-style class actions in Britain.

The claim, estimated to be worth more than 1 billion pounds ($1.24 billion), was filed at the Competition Appeal Tribunal (CAT) on Monday, U.S. law firm Scott + Scott said.

JP Morgan, RBS, UBS, Barclays and Citi declined to comment.