US authorities charge 3 banks, 8 individuals in futures 'spoofing' probe
Deutsche Bank will pay US$30m, UBS US$15m to settle the civil charges in the case, while HSBC will pay US$1.6m
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Washington
THE US Justice Department and the country's derivatives regulator said on Monday they had filed civil and criminal charges against three European banks, which paid US$46.6 million to settle the cases, and eight individuals for alleged manipulation in US futures and commodities market.
UBS, Deutsche Bank and HSBC, and former traders at the banks as well as individuals at other firms, were charged following a large-scale multi-agency probe including the Commodity Futures Trading Commission (CFTC) into so-called "spoofing" in metals and equities futures.
Share with us your feedback on BT's products and services
TRENDING NOW
StarHub hands Ensign InfoSecurity control back to Temasek in S$115 million deal, books S$200 million gain
Singaporeans can now buy record amount of yen per Singdollar
Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss
Keppel DC Reit posts 13.2% higher Q1 DPU of S$0.02833 on strong portfolio performance
