Lawsuits
Last look claims will happen on a case-by-case basis
Alpari’s last look claims against six banks are unlikely to be the last, lawyers say
BNP Paribas fined by Fed over FX manipulation
The French bank is to pay $246 million to settle an investigation into misconduct
Cartel three out on bail after entering ‘not guilty’ pleas
Former senior currency traders released on combined $1.85 million bond and will return to court in November
‘Cartel’ three surrender as lawyers question efficacy of DoJ case
US DoJ presses on with Obama-era promises to prioritise prosecution of individuals and stop corporate wrongdoing
UK arrests Stuart Scott in HSBC FX front-running case
Ex-HSBC employee accused of wire fraud in case involving alleged front-running to make first court appearance on July 31
BNPP fine creates mark-up headache for Street
NYDFS fines the French bank $350 million, partly due to using hidden mark-ups
DoJ closes investigation into Deutsche Bank’s FX activity
US regulator's action is a big win for the bank, but civil suits and a decision from the NYDFS are still pending
Lawyers to search files of 35 Deutsche Bank staff
Includes traders and others who were not part of the production of information given to regulators
Another Citi FX trader wins unfair dismissal suit
Employment tribunal rules in favour of Baris Ozkaptan
FXCM hit by two class action complaints
At least 14 law firms start investigating FXCM; CFTC order provides backbone for lawsuits
Ex-Citi trader pleads guilty in price-fixing conspiracy
Between January 2007 and July 2013, Christopher Cummins, a former Citigroup trader in New York, conspired to suppress and eliminate competition in Ceemea currencies
US indicts three in FX probe
Justice Department says the accused UK-based traders face a maximum of 10 years in prison and $1 million in fines
Ex-Barclays trader pleads guilty in price-fixing conspiracy
Jason Katz, a former EMFX trader at Barclays and BNP Paribas, pleads guilty in New York
Modifications sought in Johnson's release
Attorneys still working to get Mark Johnson's wife as a signatory on the $1m bond agreed for his release in July
OCC suspends Johnson from markets
He pleaded not guilty to alleged felony charges in August, but OCC says the charges involve dishonesty and breach of trust
Banks get partial reprieve in FX lawsuit but claims still stand
Non-settling banks in FX class action lawsuit eke out small victory after US district judge tosses out some allegations of manipulation
Plea bargain may be an option for the HSBC two
But the maximum prison sentence for Johnson and Scott, if they are found guilty, could be 30 years
HSBC's Johnson is released on $1 million bond
Mark Johnson, banned from leaving the US, puts up $300,000 and his house to meet bail
BNY Mellon settles FX case with SEC
US bank agrees to pay $30 million over alleged client overcharging for FX trading services
Compliance: Wall Street's next competitive advantage?
Creating or upgrading compliance policies and technology may seem actions to please regulators, but this could reap rewards
Lawyers take FX fight to StanChart subsidiary
After a US judge says she lacks jurisdiction over the parent firm named in the class-action suit, lawyers reload for new target
Class-action lawyers to tap into Barclays' FX team knowledge
With the bank providing information to investors from people within the firm with the most knowledge of its last-look practice, plaintiff lawyers could access information it could have taken years of discovery to obtain
Scope of FX suit against banks widens
Co-operation from banks that chose to settle is helping investors
Customers consider suing banks in FX manipulation
Customers who took large positions are beginning to wonder if they lost out during the rigging and are exploring the potential for redress. The legal woes for financial institutions are far from over