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EU court reduces fine on Credit Suisse over foreign exchange cartel

EU court reduces fine on Credit Suisse over foreign exchange cartel

Reuters4 days ago
BRUSSELS, July 23 (Reuters) - The European Union's General Court reduced on Wednesday a fine imposed on Credit Suisse to 28.9 million euros ($33.92 million)from a previous 83.2 million euros fine, over its participation in a cartel in the foreign exchange trading sector.
The court ruled that Credit Suisse did participate in the cartel, but added that the European Commission did not correctly determine the amount of the fine.
($1 = 0.8519 euros)
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