Deutsche settles FX rigging case for $190m
Credit Suisse now the only holdout defendant in the case that involves 16 major banks
Deutsche Bank has agreed to pay $190 million to settle a class-action antitrust complaint alleging the bank colluded with other institutions to manipulate the $5.1 trillion a day foreign exchange market.
The move brings the civil fines to more than $2.3 billion in the case and leaves Credit Suisse as the only defendant that has yet to settle the matter. Deutsche Bank has agreed to provide information to class-action lawyers as part of the deal.
“After hard-fought negotiations, this settlement
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