Antitrust Antitrust

Banks can argue funds' forex cartel losses were passed on, UK court hears

By Simon Zekaria
  • 09 Dec 2021 12:36
  • 09 Dec 2021 12:36
Banks told UK judges today that they must be allowed to argue that financial losses allegedly suffered by investment funds were mitigated by being transferred on to individual investors.

The funds are suing banks in the UK for foreign-exchange trading damages under competition rules, and are asking appeal judges to overturn

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