Citi, Deutsche Bank Admit To Sharing Pricing Secrets Of UK Government Bonds: Report
Portfolio Pulse from Nabaparna Bhattacharya
Citigroup and Deutsche Bank have admitted to sharing sensitive information on the pricing of UK government bonds, considered anti-competitive activity. Britain's Competition and Markets Authority has also slammed HSBC, Morgan Stanley, and Royal Bank of Canada, but these banks have not admitted wrongdoing.
May 24, 2023 | 2:42 pm
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Citigroup admits to sharing sensitive information on UK government bond pricing, considered anti-competitive activity.
Citigroup's admission to sharing sensitive information on UK government bond pricing is a negative development for the company, as it may face regulatory scrutiny and potential fines, which could impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Deutsche Bank admits to sharing sensitive information on UK government bond pricing, considered anti-competitive activity.
Deutsche Bank's admission to sharing sensitive information on UK government bond pricing is a negative development for the company, as it may face regulatory scrutiny and potential fines, which could impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
HSBC slammed by Britain's Competition and Markets Authority for alleged information sharing on UK government bond pricing.
HSBC being slammed by Britain's Competition and Markets Authority for alleged information sharing on UK government bond pricing could negatively impact its stock price in the short term, as it may face regulatory scrutiny and potential fines.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 75
NEGATIVE IMPACT
Morgan Stanley slammed by Britain's Competition and Markets Authority for alleged information sharing on UK government bond pricing.
Morgan Stanley being slammed by Britain's Competition and Markets Authority for alleged information sharing on UK government bond pricing could negatively impact its stock price in the short term, as it may face regulatory scrutiny and potential fines.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 75
NEGATIVE IMPACT
Royal Bank of Canada slammed by Britain's Competition and Markets Authority for alleged information sharing on UK government bond pricing.
Royal Bank of Canada being slammed by Britain's Competition and Markets Authority for alleged information sharing on UK government bond pricing could negatively impact its stock price in the short term, as it may face regulatory scrutiny and potential fines.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 75