EU regulators charge Deutsche Bank, Rabobank on cartel

This is the latest move against a sector which has racked up millions of euros in fines for various competition violations.

The EU competition watchdog said the two banks coordinated pricing and trading strategies on euro-denominated sovereign, SSA , covered and government guaranteed bonds between 2005-2016."For effective competition to function, it is fundamental that economic operators determine their prices independently," EU antitrust chief Margrethe Vestager said in a statement.

"Deutsche Bank has proactively cooperated with the European Commission in this matter and as a result has been granted conditional immunity. In accordance with the European Commission's guidelines, Deutsche Bank does not expect a financial penalty," the German lender said.

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