Antitrust Antitrust

Barclays and other banks must be put on the hook for forex cartel, Allianz tells UK judge

By Simon Zekaria
  • 25 Feb 2020 11:57
  • 26 Feb 2020 15:39
Barclays, Citigroup and other banks that ran a foreign-exchange market cartel must be put on the hook to compensate investors for a decade of price-fixing and unlawful information exchange, a unit of Allianz told a UK court today.

Allianz Global Investors, a fund management business of the German financial services group, is

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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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