A PYMNTS Company

Probe into banks’ early repayment scheme widens

 |  May 5, 2012


Hungary’s Competition Office (GVH) has widened its probe into Hungarian banks. The GVH suspects the banks formed a cartel from September 2011 to February 2012 to raise interest rates on forint loans for early repayment schemes. The probe was widened after documents were discovered that supported GVH’s suspicions.

Full content: Realdeal.hu


Related contentHow Far Can Screens Go in Distinguishing Explicit from Tacit Collusion? New Evidence on the Libor Setting (Rosa Abrantes-Metz, Global Economics Group, NYU Stern & Albert Metz, Moody’s)


Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.