UK banks hit with £100M penalty for breaching gilt trading rules
Friday, 21 February 2025 ()
Four global banks—Citi, HSBC, Morgan Stanley, and Royal Bank of Canada—have been fined a combined total of more than £100mn by the UK’s Competition and Markets Authority (CMA) following an investigation into the exchange of sensitive information about gilt trading. The regulator found that between 2008 and 2013, a small number of traders at the […]
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