Article summary
The European Commission has fined Bank of America Merrill Lynch, Crédit Agricole, and Credit Suisse a total of €28,494,000 for participating in a cartel in the secondary trading market within the European Economic Area (EEA) of supra-sovereign, sovereign and agency (SSA) bonds denominated in US dollars, in breach of EU antitrust rules. Deutsche Bank also took part but was not fined as it revealed the existence of the cartel to the Commission.
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