Antitrust Antitrust

Comment: Banks' defenses in UK mass claims may need to address alleged 'tacit' forex collusion

By Simon Zekaria
  • 08 Sep 2021 10:19
  • 08 Sep 2021 10:19
Should banks including Barclays, Citibank, JPMorgan Chase and UBS face UK mass damages litigation over a foreign-exchange currency cartel, they could be tested by knotty arguments that their collusion was "tacit" as well as explicit.

The nature of the cartel behavior emerged as a focal point for the scope of any

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