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Market fraud: NatWest pleaded guilty on Tuesday

22/12/2021
Categories: Companies

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Pleading guilty Tuesday in the United States, the British bank NatWest receives a fine of 35 million dollars for fraud.

      

The U.S. Department of Justice announced in a statement that NatWest "pleaded guilty today to various fraud schemes in the U.S. Treasury securities and futures markets." The British bank has pleaded guilty to the charges against it in several market fraud cases. These frauds were carried out between January 2008 and May 2014, in the context of the purchase and sale of US Treasury bills and futures contracts, by traders of the bank, in London and Stamford (Connecticut) , but also, in 2018, by two traders from Singapore, it is specified. She will have to pay 35 million dollars, a week after being very heavily sanctioned for money laundering in Great Britain.

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