Credit Suisse Gets EU Antitrust Complaint in FX Probe
- Bank comments in regulatory filing, says charges sent July 26
- EU may finally be moving to wrap up case after 2016 bank fines
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Credit Suisse Group AG said it received a European Union antitrust complaint last week, raising the risk of a fine in a lengthy investigation into the rigging of foreign-exchange rates.
The EU allegations -- known as a statement of objections -- state that Credit Suisse “engaged in anti-competitive practices in connection with its foreign exchange trading business,” the bank said in a regulatory filing Tuesday. The lender said it received the EU complaint on July 26.