Nomura, UBS, UniCredit fined $453M total over EU cartel scheme

UBScrop

The European Commission fined Nomura, UBS, and UniCredit a total of €371 million (U.S. $453 million) for their participation in a cartel scheme through a group of traders. Bank of America, Natixis, NatWest, and Portigon were also each allegedly involved but not penalized.

lock iconTHIS IS MEMBERS-ONLY CONTENT. To continue reading, choose one of the options below.