How might US and Canadian investors be affected by this lawsuit?
JPMorgan, UBS Among Five Banks Facing $1 Billion FX-Rigging Lawsuit
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The video discusses a class action lawsuit against several banks, including JP Morgan, UBS, and Barclays, for actions between 2007 and 2013. Investors claim they missed out on gains due to the banks' actions and seek compensation. The lawsuit allows non-EU investors to join, and while the EU and US are cracking down, the financial impact on banks may not be substantial. The lawsuit is expected to take three to five years to resolve.
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What is the expected timeline for the resolution of the lawsuit?
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