login
login

Europe Daily Bulletin No. 12723

21 May 2021
Contents Publication in full By article 12 / 39
ECONOMY - FINANCE - BUSINESS / Competition
Banks fined €371 million for cartel in European government bond trading
Brussels, 20/05/2021 (Agence Europe)

The European Commission found on Thursday 20 May that Bank of America, Natixis, Nomura, RBS (now NatWest), UBS, UniCredit and WestLB (now Portigon) had 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’).

Nomura (€129.5 million), UBS (€172.4 million) and UniCredit (€69.4 million) were fined. NatWest escapes this, as it revealed the cartel. Bank of America and Natixis...

Contents

EU RESPONSE TO COVID-19
EXTERNAL ACTION
ECONOMY - FINANCE - BUSINESS
EUROPEAN PARLIAMENT PLENARY
COURT OF JUSTICE OF THE EU
SECTORAL POLICIES
COUNCIL OF EUROPE
ADDENDUM
NEWS BRIEFS