Antitrust Antitrust

Comment: Low fines for first EU bond cartel reveal niche market

By Lewis Crofts
  • 28 Apr 2021 15:03
  • 28 Apr 2021 15:33
Bank of America Merrill Lynch and Credit Suisse today bore the brunt of EU fines for running a cartel on the market for supra-sovereign bonds, but the total 28 million euro penalty is a fraction of the sanctions levied for similar banking cartels related to benchmark rates and foreign exchange.

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