UK fines four banks $127 million for bond information exchange-March 2024-www.financetom.com

UK fines four banks $127 million for bond information exchange

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UK fines four banks $127 million for bond information exchange

Feb 20, 2025 11:26 PM

BENGALURU, Feb 21 - UK's competition regulator said on

Friday four global banks would pay fines totalling more than 100

million pounds ($126.7 million) for exchanging sensitive

information about UK

government bonds.

The banks fined are Citi, HSBC ( HSBC ), Morgan

Stanley ( MS ), and Royal Bank of Canada ( RY ).

(Reporting by Shashwat Awasthi; Editing by Mrigank Dhaniwala)

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