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Rabobank Faces EU Fine Over Involvement in Euro Bond-Trading Cartel

Photo by Tingey Injury Law Firm on Unsplash

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.

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