CMA report provisionally finds that Citi, Deutsche Bank, HSBC, Morgan Stanley, and Royal Bank of Canada breached competition laws in gilts-related activity

CMA report provisionally finds that Citi, Deutsche Bank, HSBC, Morgan Stanley, and Royal Bank of Canada breached competition laws in gilts-related activity

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The UK’s Competition and Markets Authority (CMA) has confirmed that five banks – Citi, Royal Bank of Canada, Deutsche Bank, HSBC, and Morgan Stanley – have been provisionally found to have broken competition laws. At this stage, the CMA report has found that in the aftermath of the global…

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