Three banks abused their power to manipulate the daily benchmark price for silver, violating U.S. antitrust laws and rules established by the Commodity Exchange Act, according to a lawsuit filed in Manhattan on behalf of traders.

The accusations come as banks have fallen under increased scrutiny since the summer of 2012 when they were found to be manipulating the daily London Interbank Offered Rate, or Libor, which affects the cost of borrowing worldwide, from business borrowing to car and home loans.

A complaint filed in a federal court in Manhattan Friday alleges London’s HSBC Holdings plc (LON:HSBA), Frankfurt’s Deutsche Bank AG (ETR:DBK) and Toronto-based Bank of Nova Scotia (TSE:BNS) established, “positions in both physical silver and silver derivatives prior to the public release of silver fixing results, allowing them to reap large illegitimate profits.”

HSBC and Deutsche Bank are the world’s second- and third-largest banks by the value of the assets they own.

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