Antitrust Antitrust

Comment: Bond cartel sees EU pursue time-barred banks for deterrence purposes

By Lewis Crofts and Nicholas Hirst
  • 20 May 2021 11:16
  • 20 May 2021 11:16
Bank of America, Natixis and Portigon were likely relieved today, after finding out they'd been spared EU fines over cartel conduct related to government bonds. But the European Commission’s insistence on prosecuting them, even though a fine wasn't levied, will have real consequences and may still open them up to private actions.

The commission took the

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