Korea Fines Bond Dealers Record $1.2 Billion Over Collusion
· bloomberg.com · popularity 38/100 · 0 similar stories today
Read the original at bloomberg.com →
Summary
South Korea’s antitrust regulator imposed a record 1.63 trillion won ($1.2 billion) fine on more than a dozen domestic banks and brokerages for colluding in sovereign bond auctions, exposing a yearslong practice that undermined competition and raised the government’s borrowing costs.
Found in: Bloomberg Markets. Rating basis: single outlet; outlet tier 5; 1 feeds; feed position 9.