HSBC and Barclays also among banks to settle claim brought by investors in New York, but are warned cases could be brought elsewhere

Nine major banks including Royal Bank of Scotland (RBS), HSBC and Barclays have settled a $2bn (£1.28bn) claim brought by investors in a US court for losses caused by the rigging of foreign exchange markets.

The law firm that brought the claim in New York’s southern district court said there was scope for cases to be brought outside the US.

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Source: The Guardian Circular Economy RSS