Banks Fined for Price-Rigging. Barclays, Deutsche Bank, Santander, Citibanamex, Bank of America, BBVA and JP Morgan were fined just over MX$35 million (US$1.74 million) by the Federal Economic Competition Commission (COFECE), with Deutsche Bank and Barclays receiving the largest fines of the group.

COFECE - Comision Federal de Competencia Economica

Source

Published on Jan. 25th, 2021 Published on Jan. 25th, 2021

MSTAR comment

Detailed fines per bank: Deutsche Bank: $436K, Barclays: $318K, BofA: $265K, Citibanamex: $222K, BBVA Mexico: $181K, Santander: $32K, JPMorgan: $19K

Scenario: Conduct / Anticompetitive and manipulative practices

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