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Seven banks under probe for metals price fixing

Swiss watchdog says they "possibly concluded illegal competition-defying deals" in gold, silver, platinum, palladium

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The seven banks under investigation are two Swiss banks - UBS and Julius Baer - as well as foreign financial institutions Deutsche Bank, HSBC, Barclays, Morgan Stanley and Mitsui.

BT_20150929_DNPROBE29_1899951.jpg
The seven banks under investigation are two Swiss banks - UBS and Julius Baer - as well as foreign financial institutions Deutsche Bank, HSBC, Barclays, Morgan Stanley and Mitsui.

Geneva

SWISS competition authorities said on Monday they were investigating UBS, HSBC, Deutsche Bank and other major banks for suspected price fixing in the trade of precious metals like gold and silver.

The Swiss Competition Commission (Comco) said it was probing whether seven

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