Citi, Deutsche Bank Admit To Sharing Pricing Secrets Of UK Government Bonds: Report - Citigroup (NYSE:C), Deutsche Bank (NYSE:DB), HSBC Holdings (NYSE:HSBC), Morgan Stanley (NYSE:MS)

Citigroup, Inc. (NYSE:C) and Deutsche Bank AG (NYSE:DB) have reportedly exchanged "sensitive" information on the pricing of U.K. government bonds.

Britain's Competition and Markets Authority has slammed Citigroup and Deutsche Bank for what's considered to be anti-competitive activity, Reuters reported.
The banks shared competitive information about buying and selling pricing and other aspects of U.K. government bonds in one or more one-to-one conversations between a few traders in Bloomberg chatrooms between 2009 and 2013.
A Deutsche Bank spokesperson told Reuters that it had secured "provisional immunity" after proactively reporting the activities, which took place before 2014.
Citi said it had "co-operated fully" with the CMA on the matter, mentioned the Reuters report.
Three other banks — HSBC Holdings PLC (NYSE:HSBC), Morgan Stanley (NYSE:MS), and Royal Bank Of Canada (NYSE:RY) — have also been slammed by Britain's Competition and Markets Authority.
However, these banks have not admitted wrongdoing over the alleged information sharing by the regulatory watchdog.

Price Action: C shares are trading lower by 0.46% to $45.70 premarket on the last check Wednesday, while DB shares were down by 0.75% to $10.52.

CCitigroup Inc

HSBCHSBC Holdings PLC

$79.051.10%

MSMorgan Stanley

$154.46-0.26%

RYRoyal Bank of Canada

$161.26-%

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