Deutsche Bank has agreed to pay $60 million to settle allegations of gold price-fixing allegations, this according to a preliminary settlement filed Friday in the U.S. District Court in Manhattan.
The settlement is almost double the $38 million the German bank paid to settle a similar lawsuit related to silver price manipulation, which was announced in mid-October.
Despite its settlement of both precious metals lawsuits, the bank has denied any wrongdoing.
Deutsche Bank first settled its precious metal price-fixing lawsuits back in early April but the terms are just being disclosed now and still need final approval from a judge.
No such thing as manipulation, its all a conspiracy theory we are told ...
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