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Europe Daily Bulletin No. 11526

7 April 2016
Contents Publication in full By article 20 / 27
ECONOMY - FINANCE - BUSINESS / (ae) antitrust
Derivatives cartel- fine on Société Générale halved

Brussels, 06/04/2016 (Agence Europe) - On Wednesday 6 April, the European Commission decided to reduce by around 50% - to €227.72 million - the fine handed down to the French bank Société Générale for its involvement in the euro interest rate derivatives cartel.

The European institution justifies this step by the fact that Société Générale had made a mistake in the figures it initially handed over. Following the amending decision, the fine handed down to the French bank has been...

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