Wednesday , February 24 2021

$ 16 billion compensation for 16 banks

According to the news of the German Economic Trade Handelsblatt, the summa was recorded in November 7 at the Manhattan District Court in New York City against 16 international banks or a billion dollar.

Major Fund Manager, 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 in Standard Chartered and UBS.

Clients investor accused the banks of manipulating exchange rates and loses the US anti-trust laws, which secretly shared their trade posts and positions with exchange transactions between 2003 and 2013.

The banks were forced to pay millions of dollars in the terms of criminal and bankruptcy proceedings by the joint agreements made by the investigations and decisions made in the past for the same reasons.

In addition, some authorities have implemented changing exchange of bank stores being sentenced to prisons or bans on appeal.

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