COFECE - Comision Federal de Competencia Economica

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.


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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