EU court confirms €371M fines for Nomura, UBS, and UniCredit

Nomura in Talks for Offices at Manhattan’s Penn 2 Tower

The US unit of Tokyo-based Nomura Holdings Inc. is in talks for new offices on the west side of Manhattan, according to people familiar with the matter.

The situation had an impact on the entire European Economic Area (EEA) market. The content Fine of seven investment banks per cartel confirmed by the European Court appears first in Jornal i.

EU court confirms €371M fines for Nomura, UBS, and UniCredit

The Court of Justice of the European Union (CJEU) upheld the European Commission's decision to fine several banks for their involvement in a cartel affecting the market for European government bonds (...

Too high compensation, especially for the CEO, a variable wage component with too large a leverage, share buyback program instead of building up equity, regressions and gaps in the sustainability report. This is the list of the sins of UBS – at least in Ethos' judgment.

According to a Commission decision, traders from the banks involved exchanged information about the prices and quantities offered before the auctions.