EC - European Commission
Antitrust: Commission fines investment banks € 371 million for participating in a European Governments Bonds trading cartel. The European Commission has found that Bank of America, Natixis, Nomura, RBS (now NatWest), UBS, UniCredit and WestLB (now Portigon) have breached EU antitrust rules through the participation of a group of traders in a cartel in the primary and secondary market for European Government Bonds (‘EGB').
Published on May. 20th, 2021 Published on May. 20th, 2021Scenario: Conduct / Anticompetitive and manipulative practices
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