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Thursday, November 8, 2018

Big investors sue 16 banks in U.S. over currency market rigging

By Jonathan Stempel NEW YORK (Reuters) - A group of large institutional investors including BlackRock Inc and Allianz SE's Pacific Investment Management Co has sued 16 major banks, accusing them of rigging prices in the roughly $5.1 trillion-a-day foreign exchange market. The lawsuit was filed on Wednesday in the U.S.

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