Scotiabank compliance failed to stop gold spoofing, US says
Mining News Pro - Bank of Nova Scotia’s compliance officers failed to stop its precious metals traders from manipulating markets despite having information about the activity, according to the US government.
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Scotiabank takes $168 million hit as it shuts historic gold unit
Mining News Pro - Bank of Nova Scotia has set aside C$232 million ($168 million) to cover the cost of winding down its historic precious-metals unit as well as a potential settlement of U.S. investigations into the unit’s trading activities.
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