Rumors about an impending end of the investigation into the manipulation of the U.S. derivatives market by UBS, Deutsche Bank and HSBC had circulated over the weekend – now it is official: CFTC, the derivatives market authority issued its statement on the case, according to a report by «Reuters».

UBS agreed to pay a fine of $15 million, Deutsche will pay $30 million and HSBC $1.6 million.

Individuals Charged

CFTC said the banks manipulated the pricing of the U.S. futures market through so-called «spoofing», whereby a market participant is placing bids to buy a futures contract with the intent to stop it before its execution.

The U.S. also filed charges against eight bankers involved in the case. One of the individuals is a Swiss citizen living in New Jersey. He used to work for UBS as a precious metals trader, «Reuters» said.