Rabobank fined, Deutsche Bank escapes penalty

  • Deutsche Bank avoids EU fine for Euro-bond trading cartel with Rabobank
  • Rabobank fined EUR26.6 million for its part in the cartel
  • Deutsche Bank not fined due to leniency program for disclosing the cartel
  • Both banks exchanged sensitive information and coordinated trading strategies

Deutsche Bank has managed to avoid a hefty fine from the European Union after disclosing its involvement in a Euro-bond trading cartel with Rabobank. While Rabobank has been fined EUR26.6 million for its role in the cartel, Deutsche Bank was not penalized under the EU’s leniency program for providing information about the cartel. The European Commission revealed that between 2006 and 2016, traders from both banks exchanged sensitive information and coordinated their trading and pricing strategies. Neither Deutsche Bank nor Rabobank have commented on the matter at this time.

Public Companies: Deutsche Bank (DB), Rabobank ()
Private Companies:
Key People:

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Factuality Level: 8
Justification: The article provides specific details about Deutsche Bank’s involvement in a Euro-bond trading cartel with Rabobank and the European Commission’s decision not to fine Deutsche Bank under its leniency program. The information is sourced from the European Commission and mentions that Deutsche Bank informed them of the cartel’s existence. However, it is important to note that there is no direct response from Deutsche Bank or Rabobank included in the article.

Noise Level: 7
Justification: The article provides some relevant information about Deutsche Bank avoiding a fine from the European Union authorities for its involvement in a Euro-bond trading cartel with Rabobank. However, the article lacks in-depth analysis, scientific rigor, and evidence to support its claims. It also does not provide any actionable insights or solutions. The article stays on topic and does not dive into unrelated territories, but it is relatively short and lacks sufficient details.

Financial Relevance: Yes
Financial Markets Impacted: Deutsche Bank and Rabobank

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article pertains to financial topics as it discusses Deutsche Bank’s involvement in a Euro-bond trading cartel and the resulting fine for Rabobank. However, there is no mention of an extreme event.

Reported publicly: www.marketwatch.com