The European Commission suspects that Rabobank and Deutsche Bank have violated EU competition rules by entering into secret deals on trading in government bonds. If further investigations confirm the facts, the two banks could be fined heavily.
Dutch and German banks exchanged sensitive information on government bonds between 2005 and 2016, but also aligned their pricing and trading strategies, the Commission suspects.
Initially, the banks asked the Commission for an amicable settlement, but due to insufficient efforts, the EU executive decided to initiate criminal proceedings.
Dutch and German banks exchanged sensitive information on government bonds between 2005 and 2016, but also aligned their pricing and trading strategies, the Commission suspects. Initially, the banks asked the Commission for an amicable settlement, but due to insufficient efforts, the EU executive decided to initiate criminal proceedings.
