Four banks fined $132 million for sharing UK bond market information
LONDON - Britain's competition regulator has fined Citi, HSBC, Morgan Stanley and Royal Bank of Canada a combined 104.5 million pounds ($132.4 million) for exchanging sensitive information about UK government bonds.
UK Regulator Fines Four Major Banks £104.5 Million For Sharing Sensitive UK Bond Information
The UK Competition and Markets Authority has fined four major banks £104.5M for sharing sensitive UK bond information.
Four banks fined £100m after traders shared sensitive information in chat rooms
The Competition and Markets Authority said the traders were in one-to-one chat rooms and discussing trades in UK Government gilts in the years following the financial crisis
UK fines four global banks $132 million for anti-competitive bond market activity
UK's competition regulator has fined four global banks 104.5 million pounds ($132.4 million) for exchanging sensitive information about UK government bonds between 2009 and 2013. The Competition and Markets Authority (CMA) said it had reached settlements with Citi,
Four banks fined more than £100m for past exchanges of sensitive information about UK government bonds
Four banks have been fined more than £100m after traders shared sensitive information with each other about the British Government debt they were buying and selling.
U.K. Watchdog Fines Global Banks Over Information Sharing on Government Bonds
The competition regulator fined Citi, HSBC, Morgan Stanley and Royal Bank of Canada $132 million after a probe into the exchange of sensitive information about government bonds.
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