swiss authorities probing 7 banks for metals price fixing
Last Updated : GMT 09:07:40
Egypt Today, egypt today
Egypt Today, egypt today
Last Updated : GMT 09:07:40
Egypt Today, egypt today

Swiss authorities probing 7 banks for metals price fixing

Egypt Today, egypt today

Egypt Today, egypt today Swiss authorities probing 7 banks for metals price fixing

Metals market
Geneva - Arab Today

Swiss competition authorities said Monday they were investigating UBS, HSBC, Deutsche Bank and four other banks on suspicion of price fixing in the precious metals market.

The Swiss Competition Commission (COMCO) "has today opened an investigation against two Swiss banks, UBS and Julius Baer, as well as against the foreign financial institutions Deutsche Bank, HSBC, Barclays, Morgan Stanley and Mitsui," it said in a statement.

It said it had indications that the banks had "possibly concluded illegal (price-fixing) deals ... within the precious metals market."

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swiss authorities probing 7 banks for metals price fixing swiss authorities probing 7 banks for metals price fixing



 
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