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Big banks face U.S. probe over metal pricing

Feb. 24, 2015 1:56 AM ETHSBC Holdings plc (HSBC) StockJPM, GS, HSBC, UBS, DB, BNS, CS, BCS, SCGLY, SGBLYBy: Yoel Minkoff, SA News Editor6 Comments
  • U.S. officials are probing at least 10 major banks for the possible rigging of precious-metals markets, even though European regulators shelved a similar investigation after finding no evidence of wrongdoing, WSJ reports.
  • The DOJ is scrutinizing the price-setting process for gold, silver, platinum and palladium in London, while the Commodity Futures Trading Commission has opened a civil investigation.
  • Banks under scrutiny: HSBC, BNS, BCS, CS, DB, GS, JPM, OTCPK:SCGLY, OTCPK:SGBLY, UBS

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