trending Market Intelligence /marketintelligence/en/news-insights/trending/kurqm1nw-xexu3mhraldgw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In this list

Report: US judge dismisses UBS as defendant in silver price-fixing case

Medical IoT Technology in US Hospitals Helps to Reduce Costs and Improve Care

Internet Traffic Spikes By One Third In March

How 37 Years of Default Data Can Prepare Us for the COVID-19 Fallout

COVID-19’s Impact on the Capital Markets: Identifier Issuance for Municipal Securities Sinks, but Corporate Requests Stable


Report: US judge dismisses UBS as defendant in silver price-fixing case

U.S. District Judge Valerie Caproni dismissed as a in a accusing the Swiss lenderof conspiring to exploit the fixing of the price of silver, while three othermajor banks allegedly rigged the price, Reuters reported Oct. 5.

Caproni said there was no evidence that UBS rigged prices,even if it benefited from the manipulation. "At best, plaintiffs allege thatUBS engaged in parallel conduct by offering [along with the fixing members]below-market quotes," Caproni added.

Investors filed lawsuits against , and alleging that theinstitutions made illegal profits from manipulating the price of silver and itsderivatives.

Deutsche Bank settled related claims in April, and theinvestors intend to secure preliminary approval for a settlement, according toVincent Briganti, the investors' lawyer. The judge noted that some antitrustand manipulation claims against HSBC and Bank of Nova Scotia may be pursued.

The investors have 14 days to amend the complaint, includingagainst UBS, which they plan to, Briganti reportedly said.