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UniCredit, UBS, Nomura lose appeal against EU bond cartel fines

DPA International
Summary
Nutrition label

77% Informative

UniCredit , UBS and Nomura lose legal challenge against multi-million-euro EU fine for role in illegal cartel.

European Commission imposed the fine after the banks' traders participated in collusion with other financial institutions between 2007 and 2011 .

UBS faces the largest penalty, with a fine of 172 million ( about $186 million ) remaining unchanged.

VR Score

88

Informative language

96

Neutral language

25

Article tone

formal

Language

English

Language complexity

61

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

Affiliate links

no affiliate links