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eu court upholds credit suisse fine for bond cartel participation

The European Court of Justice has upheld a fine of 11.9 million euros against Credit Suisse for its involvement in a bond cartel, originally sanctioned by the European Commission in 2021. The court also confirmed a 3.9 million euro fine on Credit Agricole, while Bank of America faced a 12.6 million euro penalty. Deutsche Bank avoided sanctions by reporting the cartel to authorities. The collusion among the banks occurred between 2010 and 2015, involving agreements on trading strategies and price-setting in the SSA bonds market.
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United States Dollar Bank of America Corporation Deutsche Bank Aktiengesellschaft Credit Suisse UBS Crédit Agricole S.A. CHE Deutsche Bank Bank of America Credit Agricole Credit Suisse Show more
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09:00 06.11.2024
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