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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