Deutsche, Credit Agricole, Credit Suisse Charged by EU Over Alleged Bond Cartel

Deutsche, Credit Agricole, Credit Suisse Charged by EU Over Alleged Bond Cartel
The headquarters of Deutsche Bank in Frankfurt, Germany, on Jan. 31, 2017. Reuters/Kai Pfaffenbach/File Photo
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BRUSSELS/FRANKFURT—Deutsche Bank, Credit Agricole, Credit Suisse and another bank have been charged by European Union antitrust regulators for being in a bond trading cartel.

In the latest blow to the reputation and public image of the banking sector in Europe, which has faced billions of euros in fines for rigging interest rate benchmarks, the European Commission on Dec. 20 did not name the banks it had charged.