Four banks fined by UK regulator over gilt information sharing

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The story "Four banks fined by UK regulator over gilt information sharing" was covered 3 days ago by Financial Times, a news publisher based in United States.

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Financial Times 3d ago

Four banks fined by UK regulator over gilt information sharing - Financial Times

Quick Summary:

Traders at Deutsche Bank and RBC also co-ordinated on trading strategies for gilts “on a limited number of occasions”, the CMA said.

In statements sent to the Financial Times at the time, both RBC and Morgan Stanley said they disagreed with the regulator’s findings while HSBC has said it “refutes” the allegations.

Deutsche and RBC also had the highest volume of messages with traders at the banks exchanging information on 41 dates between November 2009 and April 2013.