The Business Times
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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

Published Mon, Sep 28, 2015 · 09:50 PM

    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 banks had colluded to manipulate prices in the precious metals market.

    UBSHSBCDeutsche Bank

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