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Home » Uncategorized » Deutsche Bank settles U.S. gold, silver price-fixing litigation

Deutsche Bank settles U.S. gold, silver price-fixing litigation

Lawsuits say banks’ conspiracy hurts investors, traders

ScotiaBank, Barclays, HSBC, Societe Generale, UBS targeted

“The plaintiffs accused Deutsche Bank of conspiring with Bank of Nova Scotia, Barclays Plc, HSBC Holdings Plc and Societe Generale to manipulate prices of gold, gold futures and options, and gold derivatives through twice-a-day meetings to set the so-called London Gold Fixing.

They also accused Deutsche Bank, HSBC and ScotiaBank of a similar conspiracy to manipulate silver prices by rigging the daily Silver Fix.”

http://www.reuters.com/article/deutsche-bank-lawsuit-metals-idUSL2N17H1IA

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