Fines from colluding on eurozone bonds hit UBS and Nomura hardest
UBS was fined €172m and Nomura will have to pay €129.6m for a traders’ cartel that swapped commercially sensitive data from 2007 to 2011
20 May 2021 - 15:55
Brussels — UBS, Nomura and UniCredit were fined a total of €371m by the EU for colluding on euro government bond trading during the region’s sovereign debt crisis.
UBS was fined €172m and Nomura will have to pay €129.6m for a traders’ cartel that swapped commercially sensitive information from 2007 to 2011 when eurozone bond yields soared. UniCredit was fined €69m...
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