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Global fund managers claimed that international banks, including Deutsche Bank, one of Germany's largest banks, had demanded a billion-dollar compensation for handling transactions. currency exchange.
ONE BILLION EXCESS THE DOLLAR
According to the information published in the German business paper Handelsblatt, the amount deposited in the case filed on 7 November in the District Court of Manhattan in New York against 16 international banks exceeds one billion dollars.
Key Fund Managers such as BlackRock and Allianz, Bank of America, Barclays, BNP Paribas, Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC, JPMorgan Chase, Morgan Stanley, Japan's MUFG Bank, Royal Bank of Canada, Royal Bank Scotland, Societe Generale is located at Standard Chartered and UBS.
LIGHTED DRAWING
The plaintiff investors accuse the banks of manipulating exchange rates and violating US antitrust laws, secretly sharing their trading orders and their positions with foreign exchange transactions between 2003 and 2013.
Banks have been forced to pay billions of dollars in crime and reconciliation costs because of the conciliation agreements they have reached as a result of investigations and prosecutions in the past for the same reason.
In addition, some authorities engaged in foreign currency purchases from banks were sentenced to imprisonment or exclusion from the profession.
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