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Information exchanges of Portuguese credit rates restrict competition by object, EU top court says

By Tono Gil ( July 29, 2024, 10:19 GMT | Insight) -- Banco Santander, BBVA and other banks who were sanctioned for exchanging commercially sensitive information on credit rates in Portugal may have engaged in conduct that is restrictive “by its very nature,” the EU’s top court said today. The guidance will now be applied by a Portuguese court hearing the banks' appeals against fines of 225 million euros.Banco Santander, BBVA and other banks who were sanctioned for exchanging commercially sensitive information on credit rates in Portugal may have engaged in conduct that is restrictive “by its very nature,” the EU’s top court said today....

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