Deutsche bank quits gold and silver price setting as regulators investigate
Duncan Richardson, News Editor
20 Jan 2014, 3:46 p.m.
Deutsche Bank has announced that they will withdraw from gold and silver fixing amid an investigation by German regulators into suspected manipulation of precious metal prices by banks. Bafin the German regulator added “accusations of manipulation are very serious.” The probe comes days after Deutsche bank suspended traders for potential rigging of the world’s currency benchmarks.