Rabobank Fights EU’s €26.6 Million Fine in Deutsche Bank Case
- EU accused Rabobank of illegal bonds cartel with Deutsche Bank
- Bank vows to challenge EU decision through the courts
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Rabobank is appealing a €26.6 million ($28.6 million) European Union antitrust fine, issued after the bloc’s regulators alleged its traders colluded with counterparts at Deutsche Bank AG over euro-dominated bonds and government-guaranteed debt.
In November, the European Commission said its investigation unearthed evidence that between 2006 and 2016 traders exchanged commercially sensitive information and coordinated their buying and pricing strategies between the two banks.