You are here
Three banks paying $50 million to settle antitrust claims they rigged London gold fix
From Bloomberg Law, New York
Monday, November 15, 2021
Barclays Plc, Societe Generale SA, Scotiabank, and London Gold Market Fixing Ltd. will pay a combined $50 million to end antitrust litigation over an alleged scheme to rig the gold "fix," a key pricing benchmark, according to a federal court filing in Manhattan.
... Dispatch continues below ...
... ADVERTISEMENT ...
Kinesis Partners with Panama-Based Atlas Vaults
From Kinesis, London
Tuesday, October 26, 2021
Kinesis announces a partnership with Atlas Vaults and Atlas Brokers, expanding the global Kinesis Vaulting Network into Latin America.
By joining with the leading Panama-based vaulting provider, broker, and trading hub, Kinesis is introducing the Atlas Group's considerable client base to the Kinesis monetary system. The partnership is set to bring superior value and returns to Atlas Vaults and Kinesis clients as well as to people across South and Central America.
Central to the partnership, Kinesis is introducing the 13th storage facility for its global vaulting network, which now spans nine countries. ...
... For the remainder of the announcement:
The traders leading the lawsuit sought preliminary approval for the agreement from Judge Valerie E. Caproni, who is overseeing the multidistrict case. She has tentatively signed off on a $62 million settlement with Deutsche Bank AG. ...
... For the remainder of the report:
* * *
Toast to a free gold market
with great GATA-label wine
Wine carrying the label of the Gold Anti-Trust Action Committee, cases of which were awarded to three lucky donors in GATA's recent fundraising campaign, are now available for purchase by the case from Fay J Winery LLC in Texarkana, Texas. Each case has 12 bottles and the cost is $240, which includes shipping via Federal Express.
Here's what the bottles look like:
Buyers can compose their case by choosing as many as four varietals from the list here:
GATA will receive a commission on each case of GATA-label wine sold. So if you like wine and buy it anyway, why not buy it in a way that supports our work to achieve free and transparent markets in the monetary metals?
To order a case of GATA-label wine, please e-mail Fay J Winery at: firstname.lastname@example.org
* * *
Support GATA by purchasing
Stuart Englert's "Rigged"
"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon --
-- or for an additional $3 and a penny buy an autographed copy from Englert himself by contacting him at email@example.com.
* * *
Help keep GATA going:
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit: