Article: The EU clears banks that ban bond transactions after the “declaration of honor”

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The EU clears banks that ban bond transactions after the “declaration of honor”

Agnes Zang , 18 June 2021

The previous eight banks Banned After promising “integrity” and providing evidence of “remedial measures” after historical violations of antitrust rules, the bond sales of the EU’s 800 billion euro recovery fund have been approved to process future transactions.

Earlier this week, the European Union launched the largest lending boom in its history, issuing 20 billion euros of bonds, but due to previous scandals involving market manipulation, 10 banks were unable to participate in the transaction. The European Commission stated that eight of the lenders are now free to deal with future bond syndicates under the plan. Continue reading “Article: The EU clears banks that ban bond transactions after the “declaration of honor””

Article: EU freezes bond sales of 10 banks for violating antitrust laws

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EU freezes bond sales of 10 banks for violating antitrust laws

Agnes Zang, 15 June 2021

As part of its 800 billion euro recovery fund, the European Union has excluded the 10 most hit banks in the debt market from lucrative bond sales because they have historically violated antitrust rules.

Brussels’ The biggest lending frenzy ever Beginning on Tuesday, a new 10-year bond will be sold to fund the NextGenerationEU program under a so-called syndicate and pay a group of banks to attract investor demand. Continue reading “Article: EU freezes bond sales of 10 banks for violating antitrust laws”

Article: Convicted London interbank loan trader Tom Hayes joins a private espionage company

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Convicted London interbank loan trader Tom Hayes joins a private espionage company

Agnes Zang, 23 May 2021

Former UBS and Citigroup trader Tom Hayes was found guilty of conspiracy to manipulate the Libor benchmark. He joined a company run by former Black Cube operator Seth Freedman Intelligence agency.

Hayes was released from prison In January And is working hard to overthrow his beliefs. He will join Freedman’s new agency, Red Mist, in June as a consultant, providing intelligence services against white-collar workers and financial misconduct. Continue reading “Article: Convicted London interbank loan trader Tom Hayes joins a private espionage company”