Standard Chartered, Societe Generale Added to Forex Lawsuit
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Standard Chartered Plc and Societe Generale SA are among four banks added to a suit by investors claiming banks manipulated the $5.3 trillion a day foreign-exchange market.
The investors filed a revised complaint Friday in which they broadened their claims against the 16 banks named as members of a conspiracy among traders who used computer chat rooms with names including “The Cartel,” “The Mafia” and “The Bandits’ Club” to illegally coordinate their actions.