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Hidden financial system
All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident.   ~~~  Arthur Schopenhauer
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Deutsche Bank Withdraws From Gold Fixing in Commodities Cuts

Deutsche Bank Withdraws From Gold Fixing in Commodities Cuts | Hidden financial system | Scoop.it

 

The bank is one of five gold and three silver members that help set fixings, benchmark rates used by mining companies, jewelers and central banks to trade and value metals.

 

The U.K. Financial Conduct Authority is said to be scrutinizing how prices are set in the $20 trillion gold market. German regulator Bafin is reviewing how banks participate in price-setting as part of its review of benchmark administration in the wake of the London interbank offered rate rigging scandal.

 

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J.P. Morgan to Sell Commodities Business

J.P. Morgan to Sell Commodities Business | Hidden financial system | Scoop.it
JPM -0.80% & Co. said Friday it is putting its physical commodities operation up for sale, a major retreat for a company that last decade made a costly and bold effort to become No. 1 in the commodities field.a company that has made a costly effort to become No.
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Metals, Currency Rigging Is Worse Than Libor, Bafin Says

Metals, Currency Rigging Is Worse Than Libor, Bafin Says | Hidden financial system | Scoop.it

 

Germany’s top financial regulator said possible manipulation of currency rates and prices for precious metals is worse than the Libor-rigging scandal, which has already led to fines of about $6 billion.

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