Settlements By Large Banks In Currency Manipulation Near $2 Bil

HSBC, Barclays, BNP Paribas and Goldman Sachs are said to have recently signed agreements to settle allegations that their traders manipulated the currency market. With the latest announcement, the total amount paid by banks is now just less than $2 billion.

Large banks manipulating currency markets

As reported by ValueWalk, a number of investors including hedge funds, public pension funds and the city of Philadelphia filed an antitrust lawsuit against a dozen banks including JPMorgan, Bank of America, Goldman Sachs, Barclays, Deutsche Bank and Morgan Stanley among others.

Last January, JPMorgan became...