Financial Scandals: Stage Set for Battle of ‘Biblical Proportions'

The Financial Conduct Authority has been imposing fines on banks operating in the UK which have added up to £1.1bn for attempted manipulation of foreign exchange rates.

Robert Campbell and James Wagner, attorneys in Faegre Baker Daniels' London office, authored an article appearing in the International Business Times in which they discuss how the fines have set the stage for group litigation of what they call "biblical proportions."