Anthony Maton, managing partner at the London…


binary alphabet A statement by law firm Hausfeld said the banks had agreed to “co-operate with investors in their continuing litigation” against another 12 banks, including arms of Credit Suisse, Deutsche Bank Morgan Stanley, RBC Capital Markets, Societe Generale, Standard Chartered and Bank of Tokyo-Mitsubishi. RBS confirmed in May it had agreed a settlement in relation to the US action. The plaintiffs previously announced $808.5 million settlements with four banks, according to Reuters. The completion of these settlements were announced in open court this afternoon; the settlements are expected to be submitted for preliminary approval in the near future. 1 usd to nzd binary search tree program in c usd exchange rates Lawyer Michael

Hausfeld said this was just the start. Apart from the monetary component, each defendant has agreed to provide substantial cooperation, which will assist investors in their continued litigation against the non-settling defendants.

Despite this, the matter is far from over as the lawyers handling the lawsuit said yesterday that they are pursuing claims against seven other banks. “While the recoveries here are tremendous, they are just the beginning”.

Thursday’s agreements are distinct from proceedings led by US and British regulators, which in May ordered $6 billion in fines on six major banks – Barclays, JPMorgan Chase, Citigroup, Royal Bank of Scotland, UBS and Bank of America – for rigging foreign exchange market and Libor interest rates. binary conversion Anthony Maton, managing partner at the London branch of American law firm Hausfield, says: “The extent of collusive conduct in the [forex] market is now clear”. Hausfeld, who act on behalf of a number of investors, including pension and hedge funds, said there is “no doubt” anyone who traded foreign exchange through London or Asian markets, which transact “trillion of dollars of business a day, “will have suffered significant loss as a result of the actions of the banks”.

US investors will see compensation from these settlements. While there’s no official word on how that money will be split up, rumour has it that Barclays will have to pay $375m, HSBC $285m, BNP Paribas around $100m, and Goldman Sachs about $130m. Latest Articles Bayern Munich rival Manchester City for Kevin de Bruyne Turkey: 814 ‘PKK militants’ killed since late July Arsenal Beat Crystal Palace 2-1 At Selhurst Park With oil dropping, gas prices head lower in Massachusetts Russian Federation just banned Wikipedia Pedro stars for Chelsea; Man City earns 3rd straight win CA: Rare gray wolf pack spotted on trails Novak Djokovic I Have To Already Turn The Next Page Sony unveils drone prototype that looks like a miniature airplane Nick Kyrgios fined, suspended for comments about Wawrinka Recent Comments JEFF WOLF on Tour the brand new Celebrity Big Brother 2015 house! weizmann forex David Francis on Undocumented Mexican Immigrant Who Works In Trump Hotel Speaks Out David Francis on Undocumented Mexican Immigrant Who Works In Trump Hotel Speaks Out John Smith on Australian government lawmaker introduces gay marriage bill Chin Tan on Emily Ratajkowski Isn’t ‘A insane Fitness Person’ Tags 5WPR aclj aleh foundation ami mesika anti-semitic barack obama benjamin netanyahu daily vort ezer mizion gaza hamas ian kinsler iran irving moskowitz israel israel public relations jay sekulow jewish sports kars4kids Kevin Youkilis mahmoud abbas mahmoud ahmadinejad mark birnbaum matt goldberg mitt romney netanyahu obama palestine palestinians pr agency PR firm public relations rabbi shlomo braun RAJE romney ron hershco Ronn D. Torossian Ronn Torossian ryan braun sheldon adelson tel aviv united nations wordapod zeev jabotinsky ZOA hedging forex system binary subtraction in binary