Via: Bloomberg:
Eight banks are being targeted in a European Union probe that
alleges traders colluded to acquire and trade euro government bonds, a
month after the EU regulators implicated lenders in a separate
bond-trading case.
The European Commission didn’t identify the banks being investigated
for “a collusive scheme that aimed at distorting competition” for
trading sovereign bonds issued by eurozone governments from 2007 to
2012.
“Traders employed by the banks exchanged commercially sensitive
information and coordinated on trading strategies” mainly via online
chatrooms, the EU authority said in an emailed statement.
The EU’s antitrust chief, Margrethe Vestager, is moving her
attention to possible collusion between banks in the estimated
$9.4-trillion market for European government debt. She’s already
extracted huge fines from Google and a massive back-tax bill from Apple
Inc. before she ends her five-year term later this year.
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