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Big Banks May Face A Flood Of Lawsuits For 4pm FX Fix Manipulation

|Includes:KeyCorp (KEY), LNKD, LYG, MCQEF, MNXBF, MNXBY, MS, MSFT, MTU, NTRS, OXPS, PNC, PNSN, RBS, RJF, RY, SAN, SCGLY, SCHW, STT, SWQGF, TD, TRAD, TRI, TWTR, UBS, USB, WFC

Some of the world's leading banks -- including HSBC, Citi, JP Morgan, RBS, Credit Suisse and UBS -- remain knee deep in dealing with regulators on possible manipulation of the daily 4pm London fix of currency rates.

But their real problems may lie in the shadows, in the guise of civil lawsuits to be brought by FX clients wronged by the (supposed) manipulation. This could get real ugly, and real expensive, if indeed there is any validity to the regulators' suspicions.

For more details see LeapRate's Forex Industry News at leaprate.com.

For more on the global Forex industry see the LeapRate-Dow Jones Forex Industry Report.

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