© Reuters. FILE PHOTO: People are silhouetted next to the Deutsche Bank’s logo prior to the bank’s annual meeting in Frankfurt, Germany, May 24, 2018. REUTERS/Kai Pfaffenbach
BRUSSELS (Reuters) – EU antitrust regulators on Tuesday charged Deutsche Bank (ETR:) and Rabobank with taking part in a government bond cartel.
The European Commission said the two banks coordinated pricing and trading strategies on euro-denominated sovereign, SSA (supra-sovereign, foreign sovereign, sub-sovereign/agency), covered and government guaranteed bonds between 2005-2016.
It said some of their traders communicated mainly through emails and online chatrooms. The EU competition watchdog said it had sent a charge sheet known as a statement of objections to the banks.
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