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Manipulation Probe Continues as BaFin Demands Deutsche Bank Documents
Dec. 17, 2013 10:45AM PST
Silver InvestingInternational Business Times reported that as part of its investigation into the potential manipulation of benchmark silver and gold prices, Germany’s Federal Financial Supervisory Authority (BaFin) has demanded that Deutsche Bank AG (NYSE:DB) hand over unspecified documents.
International Business Times reported that as part of its investigation into the potential manipulation of benchmark silver and gold prices, Germany’s Federal Financial Supervisory Authority (BaFin) has demanded that Deutsche Bank AG (NYSE:DB) hand over unspecified documents.
As quoted in the market news:
BaFin would not comment directly on the Deutsche Bank allegations but it told IBTimes UK that ‘in addition to Libor and Euribor, BaFin is also looking at other bench-marking processes such as gold and silver price fixing at individual banks.’
‘The examinations were launched several months ago and are still ongoing. For reasons of confidentiality, BaFin may not comment on which banks are concerned or on the state of the examination.’
Click here to read the full International Business Times report.