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UK banks could face up to $7.8bn in additional legal bills

Pointing Finger

UK banks could be facing additional legal bills of as much as £5bn ($7.83bn) as private investors look to launch legal action relating to allegations of foreign exchange rate manipulation, according to senior lawyers who have run successful lawsuits in the US and hope to do the same in London.

Goldman agrees to pay $270m

Oliver Twist

Goldman Sachs has agreed to pay around $270m to settle a lawsuit by investors who claimed the bank misled them about the safety of billions of dollars worth of residential mortgage-backed securities, two people familiar with the case said.

22 banks accused of manipulating treasury auctions

Pointing The Finger

Twenty-two financial companies that have served as primary dealers of U.S. Treasury securities were sued in federal court on Thursday, in what was described as the first nationwide class action alleging a conspiracy to manipulate Treasury auctions that harmed both investors and borrowers.

U.S judge rejects HSBC's bid to dismiss lawsuit

American courtroom

A federal judge rejected HSBC's bid to dismiss a U.S. lawsuit claiming that its failure to perform its duties as trustee for $2.37bn of residential mortgage-backed securities contributed to the downfall of five federal credit unions.

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UK banks could face up to $7.8bn in additional legal bills

UK banks could be facing additional legal bills of as much as £5bn ($7.83bn) as private investors look to launch legal action relating to allegations of foreign exchange rate manipulation, according to senior lawyers who have run successful lawsuits in the US and hope to do the same in London.

Oliver Twist

Goldman agrees to pay $270m

Goldman Sachs has agreed to pay around $270m to settle a lawsuit by investors who claimed the bank misled them about the safety of billions of dollars worth of residential mortgage-backed securities, two people familiar with the case said.