Boete van 26,6 miljoen voor Rabobank wegens geheime prijsafspraken liwwadders.nl - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from liwwadders.nl Daily Mail and Mail on Sunday newspapers.
The European Commission fined Rabobank 26.6 million euros for cartel formation with the Deutsche Bank on the trading of bonds. According to the EC, the banks made secret agreements on the prices and conditions for trading the bonds. The Deutsche Bank wasn’t fined because it reported the cartel to the EC under a leniency program.
(Bloomberg) Investment grade bonds from select emerging market sovereigns are solid defensive bets if the US slips into recession and China’s economy worsens, according to Vanguard Asset Services.Most Read from BloombergHuawei Teardown Shows Chip Breakthrough in Blow to US SanctionsMercedes Bets on Range Boost in Swipe at Tesla’s EV LeadDiamond Prices Are in Free Fall in One Key Corner of the MarketWhy China Is Avoiding Using ‘Bazooka’ to Spur Economy“In a situation where a US recession takes