Swiss Competition Commission investigates UBS and JuliusBaer on possible collusion in PM trading
By GCRU Gold News on Monday, September 28 2015, 10:26 - Permalink
Google translation
Competition Commission opens investigation into possible collusion in the trading of precious metals
Bern , 09.28.2015 - The Competition Commission (Comco ) examines whether there has been illegal collusion between different banks to the trading of precious metals .
The Competition Commission has opened an investigation against the two Swiss banks UBS and Julius Baer as well as the foreign financial institutions German bank , HSBC , Barclays , Morgan Stanley and Mitsui today . She has reason to believe that among the mentioned banks possibly illegal competition agreements in trade in precious metals were hit . In particular there is the suspicion that the vote of prices , especially of so-called " spreads " (the difference between " bid " - and " Offer " award ) , has come .
As precious metals gold, silver , platinum and palladium are .