EU antitrust regulators fine Nomura, UBS, UniCredit 371 mln euros
20/05/2021 10:50
BRUSSELS, May 20 (Reuters) - EU antitrust regulators on
Thursday fined Nomura 9716.T , UBS UBSG.S and UniCredit
CRDI.MI a total of 371 million euros ($452 million) for
taking part in a European governments bonds trading cartel.
The European Commission said Bank of America BAC.N , RBS
(now known as NatWest, Natixis CNAT.PA and WestLB (now known
as Portigon) also took part in the cartel.
Natwest escaped a fine as it alerted the cartel to the EU
competition watchdog. Bank of America and Natixis were also not
fined either because their infringement falls outside the
limitation period for imposition of fines, the Commission said.
It said Portigon, the legal and economic successor of
WestLB, received a zero fine as it did not generate any net
turnover in the last business year which served as a cap to the
fine.
($1 = 0.8207 euros)
(Reporting by Foo Yun Chee)
((foo.yunchee@thomsonreuters.com; +32 2 287 6844; Reuters
Messaging: foo.yunchee.thomsonreuters.com@reuters.net))