EU Raids Financial Firms in Derivatives Antitrust Probe
- Raids follow a series of financial cases in past decade
- Other cases have targeted manipulation of benchmarks and bonds
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European Union antitrust watchdogs raided the premises of unidentified financial services firms suspected of involvement in a cartel related to “financial derivatives.”
The Brussels-based European Commission gave no further details in a statement on Monday beyond confirming that the raids took place across two EU states and that the targeted firms may “have violated EU antitrust rules that prohibit restrictive business practices.”