U.S. judge narrows currency rigging lawsuit against seven banksThe U.S. judge overseeing litigation accusing 16 banks of rigging prices in the $5.3 trillion-a-day foreign exchange market on Tuesday narrowed but refused to dismiss lawsuits against Deutsche Bank (DBKGn.DE), Morgan Stanley (MS.N) and five other large banks that have yet to settle. The Deutsche Bank headquarters are seen in Frankfurt, Germany October 29, 2015. She also dismissed claims under the Commodity Exchange Act for false reporting and based on transactions conducted on foreign exchanges. These banks included Bank of America, Barclays, BNP Paribas, Citigroup, Goldman Sachs, HSBC, JPMorgan Chase, Royal Bank of Scotland and UBS. The case is In re: Foreign Exchange Benchmark RatesAntitrust Litigation, U.S. District Court, Southern District ofNew York, No.

Source: Manila Bulletin September 21, 2016 01:52 UTC