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Five major banks under scrutiny for alleged anti-competitive behaviour

Trader at screens
Traders are said to have used chatrooms to share information. Photo: Carl Court/Getty Images

Martin Cloake

1 min read

UK competition regulator the CMA is investigating Citi, Deutsche Bank, HSBC, Morgan Stanley and Royal Bank of Canada.

Five major banks are said to have broken UK competition law by sharing sensitive information in chatrooms, according to a provisional finding by the UK Competition and Markets Authority (CMA).

The alleged behaviour is said to have taken place between 2009 and 2013, and involved the buying and selling of

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