Reported about 22 hours ago
Four significant banks, including Citigroup, HSBC, Morgan Stanley, and Royal Bank of Canada, have agreed to pay a total of over £100 million to resolve an antitrust investigation regarding collusion among traders who shared confidential trading information from 2009 to 2013. The UK's Competition and Markets Authority concluded the case, which began in 2018 and involved illegal communications about the pricing and trading of UK government gilts. Deutsche Bank was exempt from fines for self-reporting its involvement during the probe.
Source: YAHOO