Credit Suisse a named defendant in FX antitrust law suit
Bank says it is astonished by Swiss Competition Commission investigation
Credit Suisse is one of 11 banks named as defendants in a US class-action lawsuit that alleges banks breached antitrust laws and harmed customers as a result of their activities in the foreign exchange markets.
The class action complaint, filed in November in the Southern District of New York, alleges a violation of the Sherman Act – a federal statute in US competition law – and seeks to prove that dealers harmed customers by colluding to move prices. The complaint lists Barclays, Citi, Credit
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