Politics judge lets lawsuit against Deutsche Bank and others in the foreign exchange scandal on
Judge allows fraud suit against Trump, family and company to proceed
A federal judge on Monday allowed a federal lawsuit accusing President Donald Trump, his three eldest children and his company of collaborating with a fraudulent marketing scheme to prey on investors to proceed, denying the Trumps' request for a stay.A federal judge on Monday allowed a federal lawsuit accusing President Donald Trump, his three eldest children and his company of collaborating with a fraudulent marketing scheme to prey on investors to proceed, denying the Trumps' request for a stay.
New York (Reuters) - The scandal of manipulations in the foreign exchange market could be for Deutsche Bank and 14 other money houses have another expensive aftermath.
A US judge approved the lawsuit of institutional investors such as the world's largest asset manager Blackrock and Allianz subsidiary Pimco. Judge Lorna Schofield judged in Manhattan on Thursday that the almost 1,300 plaintiffs were plausible that the banks tightened reference prices between 2003 and 2013 in order to make a profit at the expense of investors. However, Schofield limited the lawsuit in some parts and did not allow some of the Allianz plaintiffs.
South Korea: 35 years in prison required against ex-president
© Provided by Le Point The South Korean prosecutor's office on Wednesday demanded 35 years in prison against former president Park Geun -hye who had been dismissed and then sentenced after a resounding scandal of corruption and abuse of power. First woman elected president in South Korea , Ms. Park was dismissed in 2017 after massive protests sparked by revelations that she and her confidante had paid bribes taken from the largest conglomerates in the country in exchange for favors.
The lawsuit began in November 2018 after plaintiffs opted out of a similar class action lawsuit that ended in a $ 2.3 billion settlement with most banks. They now hope to get more money out of it.
In addition to Deutsche Bank, the plaintiffs accuse Bank of America, Barclays, BNP Paribas, Citigroup, Credit Suisse, Goldman Sachs, HSBC, JPMorgan Chase, Morgan Stanley, Royal Bank of Canada, Royal Bank of Scotland, Societe Generale, Standard Chartered and UBS . Secondly, they controlled more than 90 percent of the global foreign exchange market, where $ 6.6 trillion is turned in every day. Regulators around the world had fined banks more than $ 10 billion for manipulating the foreign exchange market.
Plaintiffs, including many exchange-traded index funds (ETFs), accuse the banks of improperly sharing confidential orders and trading positions. To do this, they agreed in chat rooms with names like "The Cartel", "The Mafia" or "The Bandit Club". In addition, they would have used fraudulent trading practices.
Beauty and the Beast: Deutsche Wohnen instead of Lufthansa - what the change in the Dax reveals about Germany .
The descent of Lufthansa and the rise of Deutsche Wohnen in the Dax stock index is not just an economic story. It's about emotions. A comment. © Photo: Christian Charisius / dpa Flying is luxury, everyone has to live. A passenger plane approaching Hamburg. The Lufthansa flies out of the Dax . Deutsche Wohnen is promoted to as its successor. This adjusts priorities: everyone needs a roof over their heads, flying is a luxury.