EU court upholds EU cartel decision against UBS, UniCredit, Nomura-March 2024-www.financetom.com

EU court upholds EU cartel decision against UBS, UniCredit, Nomura

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EU court upholds EU cartel decision against UBS, UniCredit, Nomura

Mar 26, 2025 2:20 AM

BRUSSELS, March 26 (Reuters) - Europe's second-highest

court on Wednesday sided with EU antitrust regulators which four

years ago penalised UBS, UniCredit, Nomura

, Bank of America ( BAC ), Natixis and Portigon for

taking part in a government bond cartel.

The Luxembourg-based General Court said it "largely confirms

the decision of the (European) Commission" but also "moderately

reduces the amount of the fines imposed on UniCredit and

Nomura".

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