MOSCOW (Sputnik) — The US Department of Justice is investigating a possible breach of law by 10 major banks during the price-setting process for precious metals, the Wall Street Journal reported.
US prosecutors are currently examining the pricing for gold, silver, platinum and palladium in Britain's capital London, while the US Commodity Futures Trading Commission (CFTC) has started a civil investigation, the newspaper said Monday, citing undisclosed sources close to the inquires.
The list of banks under scrutiny also includes such giants as Credit Suisse, Goldman Sachs and Societe Generale.
The investigation, which is currently in its early stages, is part of the US Justice Department inspection of alleged banking manipulation of financial standards, including the rigging of lending rates between banks as well as the handling of currency markets.
