Antitrust Antitrust

Banks can’t mount ‘pass-on’ defense against funds’ forex-cartel claim, UK appeal judges rule

By Simon Zekaria
  • 23 Mar 2022 14:13
  • 23 Mar 2022 14:13
JPMorgan Chase, Barclays and other banks can't argue that financial losses allegedly suffered by a group of funds as a result of a foreign-exchange trading cartel were mitigated by being passed on to investors, UK judges said today.

The ruling in the Court of Appeal handed a win to Allianz Global Investors and

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