A dozen large investors filed a joint lawsuit against 12 banks for allegedly conspiring to rig global foreign-exchange prices, the Wall Street Journal reported today. The class-action lawsuit, filed in U.S. District Court in the Southern District of New York yesterday, was from a group of investors across the U.S. and Caribbean, including city and state pension plans. They accused the banks of communicating "with one another, including in chat rooms, via instant messages, and by emails, to carry out their conspiracy," and for rigging foreign-exchange rates as far back as January 2003, the lawsuit said.The banks sued were Bank of America Corp., Barclays PLC, BNP Paribas SA, Citigroup Inc., Credit Suisse AG, Deutsche Bank AG, Goldman Sachs Group Inc., HSBC Holdings PLC, JPMorgan Chase & Co., Morgan Stanley, Royal Bank of Scotland Group PLC and UBS AG.
