A PYMNTS Company

Switzerland: AG becomes latest to tackle forex claims

By  |  April 8, 2014

Days after Switzerland’s Competition Commission announced the launch of an investigation into eight banks over allegations of foreign exchange market rigging, reports say the nation’s attorney general is now coordinating with the Commission on the case.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    A spokesperson for the attorney general’s office released a statement announcing the case, noting that “the office of the attorney general is in contact with the Swiss Financial Market Supervisory Authority and the Competition Commission” to investigate the claims.

    The office declined to elaborate further.

    Switzerland’s Financial Market Supervisory Authority first revealed last October that it was looking into several banks regarding the allegations, which have lead to probes across the globe, including in the US and UK.

    Full Content: Businessweek

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.