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Bond-trading banks fail to overturn EU cartel fines on appeal

By Lewis Crofts ( March 26, 2025, 09:12 GMT | Insight) -- UBS Group, UniCredit and Nomura have seen EU judges uphold the lion’s share of 371 million euros in fines imposed after traders in European government bonds were found to have colluded. UniCredit and Nomura won small reductions due to errors in the duration and fine calculation for their respective offenses.UBS Group, UniCredit and Nomura have seen EU judges uphold the lion’s share of 371 million euros (around $400 million) in fines imposed after traders in European government bonds were found to have colluded....

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