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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

Published Tue, Jan 30, 2018 · 09:50 PM

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 we…