7 banks under investigation by Swiss regulator

The Swiss Competition Commission has started investigating seven banks, including UBS and Julius Baer, for possible price-fixing in precious metals trading.

Bloomberg News reports that UBS, Deutsche Bank, HSBC Holdings, Barclays, Morgan Stanley, Julius Baer, and a unit of Tokyo-based trading company Mitsui & Co. Ltd. are part of the probe, which was opened in February, the Competition Commission said in a statement Monday.

European Union antitrust regulators in August disclosed they are investigating precious-metals trading, specifically anti-competitive behavior in spot trading, following a U.S. probe that embroiled some of the same banks.

To access the complete Bloomberg News article hit the link below:

Swiss Competition Body Probes Banks in Precious Metals Trading

Man Fined for Penthouse Statements Charged With Stock Fraud

JefferiesAnd the Best Place to Work in the global financial markets 2017 is...

Register for Financial Markets News Alerts