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EU Watchdog Accuses 4 Banks Of Sovereign Bond Cartel

Law360, London (December 20, 2018, 5:13 PM GMT) -- The European Commission has tentatively accused major lenders including Deutsche Bank and Credit Suisse of breaching its antitrust laws by rigging prices for sovereign bonds and related debt, echoing civil claims brought in U.S. against a number of banking giants.

Deutsche Bank, one of four major lenders investigated by the European Commission over alleged involvement in a bond trading cartel, says it is cooperating with the EU body. (AP) The commission's antitrust unit said Thursday it had preliminarily concluded that four banks breached European Union competition laws between 2009 and 2015. The EU’s executive arm did not name the banks, but...

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