{
Jeppe Svenningsen

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}
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european court upholds penalties for banks in suprasovereign bond cartel

The General Court of the European Union upheld the European Commission's decision that Crédit Agricole and Credit Suisse participated in a cartel in the SSA bond sector, leading to sanctions against them. The investigation, initiated in 2018, revealed that the banks colluded on trading and pricing strategies, undermining competition in the secondary market. Fines were imposed based on estimated sales values rather than actual sales, considering the severity and duration of the infringement.
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Euro Deutsche Bank Aktiengesellschaft Bank of America Corporation Credit Agricole Credit Suisse FRA Edoardo Cecchinato Jeppe Svenningsen Show more
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