Wednesday, November 20, 2019

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Top banks in Mexico accused of collusion

Tuesday, October 15, 2019


Mexico’s antitrust agency said it had found evidence of collusion to manipulate Mexican bond prices during a span of 10 years, and local media reported that seven global banks had been notified in the case.

The Mexican units of BBVA, Citigroup Banco Santander, Bank of America, Barclays, Deutsche Bank and JPMorgan Chase were notified of probable violations of Mexico’s antitrust laws, columnist Dario Celis reported Monday in El Financiero, Bloomberg reports.