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Deutsche Bank Exclusive: How the European Investment Bank Avoided a €155m Fine

Rabobank has been fined €26.6 million ($29 million) by the European Union (EU) for colluding with Deutsche Bank in euro bond trading.

Deutsche Bank avoided a penalty of over €155 million. Photo: Shutterstock
Deutsche Bank avoided a penalty of over €155 million. Photo: Shutterstock

The EU investigation found that traders from both banks exchanged commercially sensitive information and coordinated their buying and pricing strategies between 2006 and 2016.

Deutsche Bank avoided a penalty of nearly €156 million by reporting the collusion to authorities. Last year, regulators had issued a formal warning regarding this illegal activity.

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