COFECE accuses banks of bond cartel

Ben Remaly

15 October 2019

COFECE accuses banks of bond cartel

Credit: iStock / agcuesta

Mexico’s antitrust enforcer has initiated administrative proceedings against several banks – reportedly Citigroup, Banco Santander, Bank of America, Barclays, Deutsche Bank, JPMorgan Chase and Banco Bilbao Vizcaya Argentaria – for allegedly conspiring to fix bond prices.