Canadian lawsuit names Bank of Nova Scotia in gold price manipulation

Bank of Nova Scotia, along with a handful of international banks embroiled in a lawsuit in the United States over alleged manipulation of a key benchmark based on the gold price, is facing a fresh lawsuit filed in Canada.

According to Tuesday’s statement from the law firms behind the latest lawsuit involving the gold benchmark, the United States Department of Justice is in the midst of an “active and ongoing” investigation of the price-setting practices, and the Commodity Futures Trading Commission is also investigating.

“Other law enforcement and regulatory authorities in the United States, Switzerland, and the United Kingdom have active investigations into the defendants’ conduct in the gold market,” the statement from the law firms said.

Canadian lawsuit names Bank of Nova Scotia in gold price manipulation