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EU: Eight banks charged over euro government bond trading cartel

By  |  January 31, 2019
EU: Eight banks charged over euro government bond trading cartel

The European Union’s antitrust authority announced on Thursday, January 31, that it had charged eight unnamed banks with operating a cartel in trading eurozone government bonds between 2007 and 2012.

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    In a statement, the European Commission stated some traders at the banks exchanged commercially sensitive information and coordinated trading strategies on the euro-denominated bonds, mainly through online chat rooms.

    In a separate previous case, the Commission charged Deutsche Bank, Credit Agricole, Credit Suisse, and a fourth bank in December with being part of a bond cartel, also citing traders using chat rooms.

    Full Content: Europa Press

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