FX class action tribunal hearing begins

Hearing will consider whether a £1bn-plus claim against five major banks can proceed

Jonathan Stapleton
clock • 2 min read

A hearing to deal with an application for a collective proceedings order in a legal action against Barclays, Citigroup, JP Morgan, RBS and UBS for foreign exchange rigging has begun today (12 July).

The hearing in front of the Competition Appeal Tribunal (CAT) will consider whether a £1bn-plus claim against the banks can proceed as a collective action and, if so, which of two class representat...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions member?

Login

More on Industry

One in four people reliant on partner's pension

One in four people reliant on partner's pension

Less than half could cope in retirement if they did not receive a share of partner’s pension

clock 07 December 2022 • 1 min read
Nearly nine million people are 'under-pensioned'

Nearly nine million people are 'under-pensioned'

Those from ‘under-pensioned’ groups have pension pots 85% smaller than the UK average

clock 07 December 2022 • 2 min read
TAI to create global standard for stewardship reporting

TAI to create global standard for stewardship reporting

The project with PRI is expected to be completed in July next year

Holly Roach
clock 07 December 2022 • 1 min read
Trustpilot