Investors Recover $2 Billion From Banks Over Forex Rigging

Available for over a year

Investors have recovered more than two billion dollars, from nine banks, over claims of rigging the currency markets. We hear from a lawyer who forced the banks to pay up. Eurozone finance ministers weigh Greece's promises to introduce various economic reforms, in return for the country's third bailout. Our correspondent in Brussels keeps us up to date with developments. Standard Bank, one of Africa's biggest financial groups, has unveiled a 27% rise in earnings for the first half of the year, but could slower growth in China hit the company's prospects? Standard Bank's chief executive, Sim Tshabalala, tells us that having the Chinese bank ICBC as a stakeholder is a major advantage for tying up deals on trade between China and Africa. The authorities in China are investigating how criminals got away with opening a fake branch of a well known bank and running it for a month, taking deposits from people who thought it was a real financial institution. Lucy Hornby from London's Financial Times newspaper explains more about China's so called ghost bank. (Picture: Trading at the stock exchange in Frankfurt. Copyright; Getty Images)