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U.S. says Scotiabank to pay over $60 million related to commodity price manipulation

FILE PHOTO: The Bank of Nova Scotia (Scotiabank) logo is seen outside of a branch in Ottawa, Ontario, Canada, February 14, 2019. REUTERS/Chris Wattie/File Photo

(Reuters) - Bank of Nova Scotia BNS.TO agreed to pay more than $60.4 million (45.7 million pounds) to resolve criminal charges related to a price manipulation scheme involving unlawful trading by four traders in the precious metals futures contracts markets, the U.S. Department of Justice said on Wednesday.

The Justice Department said Scotiabank entered a deferred prosecution agreement in connection with charges of wire fraud and attempted price manipulation, and also resolved related civil charges by the U.S. Commodity Futures Trading Commission.

Reporting by Jonathan Stempel in New York; editing by Diane Craft

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