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Daily Dispatches
BNY Mellon in settlement talks over forex fraud, sources tell Reuters
Submitted by cpowell on Tue, 2015-02-24 19:44 Section: Daily DispatchesBy Karen Freifeld and Nate Raymond
Reuters
Tuesday, February 24, 2015
NEW YORK -- Bank of New York Mellon Corp. is in settlement talks with the U.S. Justice Department and New York attorney general over claims the bank defrauded clients in foreign exchange transactions, according to sources familiar with the matter.
New York Sun: Janet Yellen's audit
Submitted by cpowell on Tue, 2015-02-24 17:27 Section: Daily DispatchesFrom the New York Sun
Tuesday, February 24, 2015
Greece can't pay but EU can't let Greece go, Embry tells KWN
Submitted by cpowell on Tue, 2015-02-24 15:19 Section: Daily Dispatches3:16p ET Tuesday, February 24, 2015
Dear Friend of GATA and Gold:
Greece can't pay its European Union creditors but the EU can't let Greece go because default would wreck the EU banking system, Sprott Asset Management's John Embry tells King World News today, adding that nothing about the Greek situation has been solved. An excerpt from Embry's interview is posted at the KWN blog here:
Swiss competition agency hops on gold price-rigging probe pig pile
Submitted by cpowell on Tue, 2015-02-24 14:42 Section: Daily DispatchesSwiss Watchdog Says It's Looking at Possible Gold Market Manipulation
By Joshua Franklin
Reuters
Tuesday, February 24, 2015
Switzerland's competition commission WEKO is looking into possible manipulation of price fixing in the precious metals market, its spokesman said today. ...
Bank of England denies secret futures trading on CME Group exchanges in U.S.
Submitted by cpowell on Tue, 2015-02-24 10:59 Section: Daily Dispatches11a ET Tuesday, February 24, 2015
Dear Friend of GATA and Gold:
Bank of England Governor Mark Carney today told the Treasury Committee of the House of Commons that the bank is not participating in CME Group's program by which central banks receive discounts for their secret trading in all major U.S. futures markets.
The CME Group's "central bank incentive program" is described here:
Sprott Money News interviews Hugo Salinas Price on silver's return as money
Submitted by cpowell on Mon, 2015-02-23 23:23 Section: Daily Dispatches11:25p ET Monday, February 23, 2015
Dear Friend of GATA and Gold:
Big banks face scrutiny over pricing of metals
Submitted by cpowell on Mon, 2015-02-23 23:07 Section: Daily DispatchesBy Jean Eaglesham and Christopher M. Matthews
The Wall Street Journal
Monday, February 23, 2015
U.S. officials are investigating at least 10 major banks for possible rigging of precious-metals markets, even though European regulators dropped a similar probe after finding no evidence of wrongdoing, according to people close to the inquiries.
Rising interest rates won't subdue gold, Turk tells KWN
Submitted by cpowell on Mon, 2015-02-23 20:59 Section: Daily Dispatches9p ET Monday, February 23, 2015
Dear Friend of GATA and Gold:
Avery Goodman: Lunar new year and pending Indian tax cut used to attack gold price
Submitted by cpowell on Mon, 2015-02-23 10:48 Section: Daily DispatchesBy Avery Goodman
Seeking Alpha
Monday, February 23, 2015
This sort of work is a bit harder than central banking
Submitted by cpowell on Mon, 2015-02-23 07:48 Section: Daily DispatchesSouth African Gold Miners Rescued After Fire at 1.4-Mile-Deep Mine
By Zandi Shabalala
Reuters
Sunday, February 22, 2015
JOHANNESBURG, South Africa -- South Africa's Harmony Gold said on Sunday all 486 miners who were trapped underground following a fire had been rescued.
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