Barclays, Deutsche Bank Accused of Gold Fix Manipulation
Better Markets, 07 March 2014
“Barclays Plc (BARC), Deutsche Bank AG (DBK) and three other banks were accused in a lawsuit of manipulating the London gold fix, a benchmark used throughout the $20 trillion market for the metal.”
“Kevin Maher, a New York resident who said he bought and sold gold and gold futures and options, sued yesterday in Manhattan federal court claiming the five banks overseeing the century-old benchmark colluded to manipulate it.” Continue reading “Article: Barclays, Deutsche Bank Accused of Gold Fix Manipulation”