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UBS, UniCredit, and Nomura fined 371m euro over bond trading manipulation

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A piece overnight on market manipulation and fines for it imposed by European Union antitrust regulators.   

  • European Commission said the European government bond cartel ran from 2007 to 2011
  • traders from the banks informing each other on their prices and volumes offered in the run-up to auctions
  • prices being shown to their customers or to the market in general via multilateral chatrooms on Bloomberg terminals

The banks are said to be planning appeals. 

A piece overnight on market manipulation and fines for it imposed by European Union antitrust regulators.   

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