Reuters reporting the Swiss Competition Authority's ( WEKO) probe into possible collusion by several banks
- those banks include UBS, Deutsche, Julius Baer, HSBC, Barclays, Morgan Stanley, Mitsui
- suspicion relates to possible co-ordination of prices, namely bid/ask spreads
- expects resolution in probe some time in 2016/2017
No rush then it seems
Last year Swiss financial regulator FINMA said it had found a clear attempt to manipulate precious metals price benchmarks during a cross-market investigation into trading at UBS
