Yes, Gold Is Being Manipulated. But to What Extent? [Forbes]
Mitsubishi UFJ Financial Group, Inc. (MUFG)
Company Research
Source: Forbes
Yes, Gold Is Being Manipulated. But to What Extent? Yes, Gold Is Being Manipulated. But to What Extent? U.S. Global Investors Another day, another banking scandal. Last week the European Commission announced that it’s fining five big banks for rigging the international foreign exchange (forex) market. As many as 11 world currencies—including the euro, British pound, Japanese yen and U.S. dollar—were allegedly manipulated by traders working at Barclays, the Royal Bank of Scotland (RBS), Citigroup, JPMorgan and Japan’s MUFG Bank. Altogether, the fines come out to a whopping 1.07 billion euros ($1.2 billion). According to the press release Financial services is already the least trusted sector among seven others worldwide, according to the 2019 Edelman Trust Barometer. As I’ve said before, I believe that strong distrust in traditional financial services, especially among millennials, greatly contributed to early bitcoin adoption. With bitcoin, there’s no third-party risk. Transactions ar
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MUFG
Sec Filings
- 4/17/24 - Form 6-K
- 4/9/24 - Form 424B2
- 4/9/24 - Form FWP
- MUFG's page on the SEC website