As an employee in a large bank, I follow news about leading banks on a daily basis. Yesterday I read an article about the preliminary findings of the investigation by the UK competition authority CMA. According to the investigation, Deutsche Bank and 4 other major banks (Citigroup, HSBC, Morgan Stanley and Royal Bank of Canada) colluded in the bond market. Between 2009 and 2013, the banks shared sensitive information on UK government bonds in online Bloomberg chat rooms. Details of prices and trading strategies were shared, ultimately harming the British government and taxpayers.

The $DBK (-1,8%) escaped a leniency penalty because it informed the CMA of the misconduct. $C (-0,78%) also applied for leniency, and both banks admitted their involvement. The penalty for Citigroup is reduced. $HSBA (-2,13%), $MS (-0,61%) and $RY (+0,18%) have not admitted any misconduct, and the amount of the potential penalties has not yet been determined.

The CMA's findings are preliminary and investigations are ongoing. Have you heard about the investigations?

Here is the article: https://www.finanzen.net/nachricht/aktien/keine-strafe-deutsche-bank-aktie-klar-im-minus-deutsche-bank-ist-kronzeugin-bei-absprachen-im-britischen-bondmarkt-12490475