The 'Cartel' Is Back: EU Accuses 8 Banks Of Rigging European Government-Bond Markets | WHAT REALLY HAPPENED


The 'Cartel' Is Back: EU Accuses 8 Banks Of Rigging European Government-Bond Markets

First it was the Libor-rigging cartel, then the FX exchange-rate manipulation cartel, now, European regulators have moved on to prosecuting "anti-competitive" practices in euro-denominated sovereign bond markets.

One month after the European antitrust regulators charged Deutsche Bank, Credit Agricole and Credit Suisse of being a part of a 'bond trading cartel', regulators are bringing a separate case against eight unidentified European banks alleging that they conspired to rigging euro-denominated sovereign bond markets.

Reuters reported Thursday that the European Union’s antitrust authority has charged the banks with operating the cartel behind 2007 and 2012.

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