Sell gold | Lawsuits hobble Deutsche Bank's bid to <b>Sell Gold</b> Fix Seat <b>...</b> |
| Lawsuits hobble Deutsche Bank's bid to <b>Sell Gold</b> Fix Seat <b>...</b> Posted: 26 Apr 2014 11:44 AM PDT
* U.S. investors, traders have filed 17 suits against fixers * Increased scrutiny could complicate fixing process Submitted by cpowell GATA on Fri, 25 Apr 2014 By Clara Denina and Jan Harvey LONDON — Deutsche Bank may end up resigning its seat on the London gold fix rather than selling it as U.S. lawsuits alleging price rigging against the five banks that set the benchmark deter potential buyers, industry sources said. Over the past two months, U.S.-based investors and traders have filed nearly 20 antitrust claims accusing Barclays, Deutsche Bank, HSBC, Bank of Nova Scotia, and Societe Generale of colluding to manipulate the gold price. At the time the initial suits were filed, Societe Generale called the claims "unsubstantiated" and Deutsche Bank described them as "without merit." … For the full story: http://www.reuters.com/article/2014/04/25/gold-fix-seat-sale-idUSL6N0N62J620140425 RELATED: http://ronmamita.wordpress.com/2013/05/04/the-big-criminal-list/ http://ronmamita.wordpress.com/2013/05/04/global-ruling-tools/ http://ronmamita.wordpress.com/2013/05/07/people-you-should-know/ http://ronmamita.wordpress.com/2014/02/15/brief-legal-financial-probes-ripples/ http://ronmamita.wordpress.com/2014/04/21/banking-fraud-under-attack/ http://ronmamita.wordpress.com/2014/04/21/many-are-talking-about-modern-slavery-aka-monetary-system/ _______________________________________________________  |
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