Antitrust Antitrust

Citigroup, Deutsche Bank Australian criminal-cartel prosecution collapses, as charges dropped (*update)

Citigroup and Deutsche Bank, as well as four executives associated with the lenders have seen all criminal-cartel charges against them dropped in a surprise decision by Australia’s federal prosecutor today.

The withdrawal of the remaining charges ends a three-and-a-half-year court battle that was scheduled to go before a jury later this year.

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