Deutsche Bank to pay $38 million in U.S. silver price-fixing case

Deutsche Bank to pay $38 million in U.S. silver price-fixing case
 

Deutsche Bank AG (DBKGn.DE) has agreed to pay $38 million (£31.18 million) to settle U.S. litigation over allegations it illegally conspired with other banks to fix silver prices at the expense of investors, according to court papers filed on Monday.
The settlement, disclosed in papers filed in Manhattan federal court, came in one of many recent lawsuits in which investors have accused banks of conspiring to rig rates and prices in financial and commodities markets.
(Reporting by Nate Raymond in New York; Editing by Bernard Orr)
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17 October 2016 in Business, Views: 40
Source: Reuters
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