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 overtu

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Simon Zekaria

Senior Correspondent

Simon Zekaria is a senior correspondent in London, covering UK regulation. Prior to joining MLex, Simon reported on business news for The Wall Street Journal, including on telecommunications, media, technology and consumer affairs. Simon was also a writer for the WSJ on diverse subjects such as Brexit, UK politics and global sport. Simon was previously a correspondent on competition issues and European politics for Thomson Reuters and Agence France-Presse in Brussels. Simon is a graduate of Edinburgh University, with Masters degrees in literature and law. A French speaker, he has studied at the Sorbonne University, Paris.

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