Antitrust Antitrust

NatWest Markets settles forex cartel probe in Brazil

By Ana Paula Candil and Caio Rinaldi
  • 12 May 2021 19:11
  • 12 May 2021 19:33
NatWest Markets Plc, formerly Royal Bank of Scotland, has agreed to pay 7.02 million reais ($1.32 million) to settle a Brazilian cartel investigation into foreign exchange operations.

In July 2015, the Administrative Council for Economic Defense, or CADE, placed several international banks — including Royal Bank — under scrutiny based on accusations they had

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