UK Financial Conduct Authority Mining News

Five banks fined over $3bn in foreign exchange probe

These are the first cases to come out of a global probe into allegations of widespread rate-rigging in foreign exchange markets.

Swiss UBS faces fine over alleged precious metals trading wrongdoing

The bank, which is the world’s largest private lender, is also expected to announce an agreement regarding alleged collusion and manipulation in the foreign exchange market.

Scotiabank, Deutsche, HSBC accused of rigging silver price

The three banks have been accused of fixing the price of trillions of dollars worth of silver.

Barclays gets a US$44 million fine over gold fix

On top of the fine, one of the bank's former traders has been banned from working in London.

Are gold benchmarks being manipulated? The UK Financial Conduct Authority investigates

An unidentified source familiar with the matter told Bloomberg that the UK Financial Conduct Authority has launched an informal probe into the matter.