Banking Forex Trading Scandal: Giambrone's
Forex Lawyers ready to sue five of the world's
largest banks which have been collectively fined
£2.6bn by UK and US regulators over
allegations of forex fraud and foreign exchange market
rigging
Following a 13-month investigation by the UK's Financial Conduct Authority (FCA)
into claims of manipulation of foreign exchange rates in the forex
market, five of the world's largest banks have been fined a
total of £2.6bn by the FCA and two US regulators, as the
banks were found to have failed to control their forex business
practices between 2008 and 2013.
"Since the scandal has become public on mainstream media,
we have been receiving numerous enquiries from forex traders and
claimants across the globe seeking to sue financial institutions
for hundreds of millions over global foreign exchange market
rigging" - says
Lillo Boccadutri, an Italian-based associate in Giambrone's
Forex team - "and we are poised to launch legal
