{
Edith Hancock

People

}
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001122334455554433221100

eu court upholds bond cartel fines for unicredit ubs and nomura

The General Court of the European Union has upheld fines totaling 371 million euros against UBS, Nomura, and Unicredit for their involvement in a European sovereign bond cartel. The court found that traders from these banks exchanged sensitive information via Bloomberg chat rooms from 2007 to 2011, violating EU competition law. While the fines for Nomura and Unicredit were slightly reduced due to calculation errors, all three banks are considering appeals to the European Court of Justice.
finanzen.ch
Euro Nomura Holdings, Inc. UniCredit S.p.A. Edith Hancock
Regulatory & Legal, News Article
14:38 26.03.2025
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