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Deutsche Bank to pay $38 million in U.S. silver price-fixing case

Published 10/17/2016, 05:20 PM
Updated 10/17/2016, 05:30 PM
© Reuters. A statue is pictured next to the logo of Germany's Deutsche Bank in Frankfurt
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NEW YORK (Reuters) - Deutsche Bank AG (DE:DBKGn) has agreed to pay $38 million to settle U.S. litigation over allegations it illegally conspired with other banks to fix silver prices at the expense of investors, according to court papers filed on Monday.

© Reuters. A statue is pictured next to the logo of Germany's Deutsche Bank in Frankfurt

The settlement, disclosed in papers filed in Manhattan federal court, came in one of many recent lawsuits in which investors have accused banks of conspiring to rig rates and prices in financial and commodities markets.

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