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US Judge Orders 15 banks To Face Currency Rigging Suit

A US judge on Thursday said institutional investors, including BlackRock and Allianz Pacific Investment Management, can pursue much of their lawsuit accusing 15 major banks of rigging prices in the $6.6 trillion-a-day foreign exchange market, reported Reuters. US District Judge Lorna Schofield in Manhattan said the nearly 1,300 plaintiffs, including many mutual funds and exchange-traded funds, plausibly alleged that the banks conspired to...

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