Bond-cartel members Nomura, UniCredit, Natixis challenge fines at EU court
By Tono Gil and Lewis Crofts ( August 4, 2021, 14:20 GMT | Insight) -- Nomura, UniCredit and Natixis have started legal action at the EU courts against fines totaling 371 million euros for cartel conduct related to the trading of European government bonds. Nomura and UniCredit are challenging fines of 129.5 million euros and 69 million euros, respectively; Natixis wasn't fined but a favorable court ruling could limit its exposure to related damages claims. Another bank, UBS, is already appealing its 172 million-euro fine.Nomura, UniCredit and Natixis have started legal action at the EU courts against fines totaling 371 million euros ($440 million) for cartel conduct related to the trading of European government bonds....
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