The EU Commission fines seven investment banks for operating a cartel in the primary and secondary markets for European Government Bonds (Bank of America / Natixis / RBS / UBS / UniCredit / WestLB)

On 20 May 2021, the European Commission adopted a decision imposing fines on a series of investment banks relating to the trading of European Government Bonds (“EGB”). EGB In its decision, adopted on 20 May 2021, the Commission found seven investment banks, Bank of America, Natixis, Nomura, RBS (now NatWest), UBS, UniCredit and WestLB (now Portigon),

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  • Van Bael & Bellis (Brussels)

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Steve Ross, The EU Commission fines seven investment banks for operating a cartel in the primary and secondary markets for European Government Bonds (Bank of America / Natixis / RBS / UBS / UniCredit / WestLB), 20 May 2021, e-Competitions May 2021, Art. N° 101392

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