Banks Lawsuit: Preliminary Approval Granted for $2 Billion in SettlementsA U.S federal court on Tuesday granted the plaintiffs’ motion to preliminarily approve nine settlements in the Foreign Exchange Benchmark Rates Antitrust Litigation case. As we reported back in August, these settlements with Bank of America, Barclays, BNP Paribas, Citi, Goldman Sachs, HSBC, JPMorgan, RBS, and UBS will cost the banks well over $2 billion in total.