BIG BANKS CAUGHT MANIPULATING GOLD & SILVER MARKETS? Credit Suisse 🔎 — A former trader who had worked there and at JPMorgan was convicted in a precious-metals spoofing case. That does not establish a corporate conviction against Credit Suisse.

BIG BANKS CAUGHT MANIPULATING GOLD & SILVER MARKETS? Morgan Stanley 📊 — Its commodities unit faced a CFTC penalty over spoofing in futures markets.

BIG BANKS CAUGHT MANIPULATING GOLD & SILVER MARKETS? Merrill Lynch / Bank of America 💵 — Traders placed orders they intended to cancel to create misleading buying and selling pressure. Merrill Lynch Commodities reached a $25 million resolution.

BIG BANKS CAUGHT MANIPULATING GOLD & SILVER MARKETS? HSBC 🪙 — A trader engaged in repeated spoofing in precious-metals futures. The firm agreed to a $1.6 million penalty.

BIG BANKS CAUGHT MANIPULATING GOLD & SILVER MARKETS? UBS ⚖️ — Traders used deceptive orders and attempted to influence futures prices. The bank paid a $15 million CFTC penalty.

BIG BANKS CAUGHT MANIPULATING GOLD & SILVER MARKETS? Scotiabank 🏦 — Traders engaged in thousands of episodes of unlawful trading. The bank agreed to pay over $60 million to resolve criminal charges.

BIG BANKS CAUGHT MANIPULATING GOLD & SILVER MARKETS? JPMorgan Chase 💰 — Traders used fake orders to mislead the market. The bank admitted to criminal wrongdoing in a 2020 case.

BIG BANKS CAUGHT MANIPULATING GOLD & SILVER MARKETS? Deutsche Bank 📉 — Traders used spoofing and attempted to trigger stop-loss orders. The CFTC imposed a $30 million penalty.

$SOXX - Black swan coming