Skip to Primary Navigation

Industry digests big fines for four banks over exchanges of sensitive information on gilts

Office worker in front of multiple screens including Bloomberg terminal
Photo: Getty Images

Citi, HSBC, Morgan Stanley and Royal Bank of Canada agree to settle cases and will pay over £100m ($126.2m).

Deutsche Bank was also subject to the probe but received immunity under the UK CMA’s leniency policy for alerting the regulator to its participation in the information sharing, as we reported last week.

A small number of traders from the five banks utilized private one-to-one Bloomberg chatrooms to share

Get full access, free for a month

This is a Premium article. Start your 28-day free trial to continue reading and access all content on GRIP – no payment details required.

What’s included:

  • Every new article, plus our 5,000+ archive
  • Daily regulatory insight and guidance
  • Exclusive interviews and in-depth analysis
  • Coverage of industry-leading events and conferences
  • All podcasts and videos, featuring industry experts
  • The full set of Rules Navigator tools
  • An ad-free experience