Swiss Watchdog Probes Possible collusion In Precious Metals Trading - Research | Betts Metal Investments
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Swiss Watchdog Probes Possible collusion In Precious Metals Trading

Swiss competition commission WEKO has opened an investigation into possible collusion in the trading of precious metals, it said on Monday.

As part of the investigation, the watchdog will be look at UBS and Julius Baer, HSBC, Barclays, Morgan Stanley and Mitsui, for possible collusion in setting bid/offer spreads.

“[Weko] has reason to believe that the above-mentioned banks may have had in place illegal competition agreements in the trading of precious metals,” it said in a statement on its website.

 

Ref: bulliondesk.com

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