Antitrust Antitrust

UBS to appeal EU fine over bond cartel

By Lewis Crofts and Karoline Del Vecchio
  • 20 Jul 2021 05:58
  • 20 Jul 2021 06:09
Swiss bank UBS has said it will go to court over a fine of 172 million euros ($203 million) imposed for its role in a cartel related to European government bonds.

In May, the European Commission levied fines totaling 371 million euros on Nomura, UBS and UniCredit.

They were part of a broader cartel

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Lewis Crofts

Editor-In-Chief


Lewis leads MLex's editorial strategy, content direction, quality and development. He has a reputation for breaking stories and providing analysis on complex legal disputes before regulators and courts around the globe. He has also developed MLex's unrivalled coverage of competition policy, litigation, regulation, Brexit and international investigations.

Karoline Del Vecchio

Senior Research Assistant


Karoline holds a degree in translation studies and EU law from Mainz University, Germany. Before joining MLex, she worked for the German Steel Federation and U.S. law firm Latham & Watkins in Brussels where she reported on EU affairs and worked as a legal researcher, providing global monitoring services on EU competition law, trade and regulatory matters. Karoline's working languages are German, English, French, Spanish, Italian and Polish.

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