Credit Agricole says it is part of EU Commission bond cartel probe
PARIS, Dec 20 () - French bank Credit Agricole SA said on Thursday it had received a document called a 'statement of objections' from the European Commission over an investigation into alleged price fixing on the trading of dollar-denominated bonds.
Credit Agricole, as well as its corporate and investment banking unit, received the documents from the European Commission, a bank spokeswoman said in e-mailed statement.
Credit Agricole and Credit Agricole CIB will review the documents and respond, added the statement.
Deutsche Bank said it has pro-actively cooperated with the European Commission's probe and added it does not expect a penalty.
The European Commission did not name the banks, which could face fines up to 10 percent of their global turnover if found guilty of breaching EU antitrust rules.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.