Rabobank Fined by EU for Euro Bond-Trading Cartel
- Deutsche Bank dodges €156 million EU fine for bond collusion
- Rabobank was slapped with €26.6 million penalty by EU watchdog
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Rabobank was slapped with a €26.6 million ($29 million) European Union antitrust fine after traders colluded with counterparts at Deutsche Bank AG over euro-dominated bonds and government-guaranteed bonds.
The European Commission on Wednesday said its investigation unearthed evidence that between 2006 and 2016 traders exchanged commercially sensitive information and coordinated their buying and pricing strategies.