The European Commission informedDeutsche Bank and Rabobank on Tuesday 6 December of its preliminary view that they have infringed EU antitrust rules by colluding to distort competition in the trading of euro-denominated sovereign bonds, SSA (supra-sovereign, foreign sovereign, sub-sovereign/public agency) bonds, covered bonds and government guaranteed bonds.
The Commission is concerned that between 2005 and 2016, the two banks, through some of their traders, exchanged commercially sensitive...