The European Commission, the European trade unions antitrust regulator said today that it investigated to see top banks in two probes, whether companies provide information on credit default swaps or CDSs, zusammengespielt information provider Markit and anti-competitive made deals prices with derivatives Clearinghouse ICE Europe clearly.
JPMorgan Chase, Bank of America (BAC - news - people), Barclays (BCS - news - people), Bnp Paribas (BNPQY.)PK - News - people), Citigroup (C - news - people), Commerzbank, Credit Suisse (CS - news - people), Deutsche Bank (DB - news - people), Goldman Sachs (GS - news - people), HSBC (HBC - news - people), Morgan Stanley (MS - news - people), Royal Bank of Scotland (RBS - news - people), UBS (UBS - news - people), Wells Fargo (WFC - News - people), Crédit Agricole and Société Générale are all explored for collusion in Markit, only give prices and other data to restrict access to other information providers.
The Commission is probing also nine of the company and regardless of whether they special prices be treated with ice as a clearing house, the others prevented from entering the market may have. ICE is an IntercontinentalExchange (ICE - news - people) ().
The financial Select Sector SPDR Fund (XLF), such as JPMorgan, Wells Fargo, Citi and Bank of America in his top operated, is trading down over. 2% Friday.
The iShares Dow Jones U.S. Financial Services Index Fund (IYG), with similar top operated, including Goldman Sachs, is trading down over. 1%.
The regional bank HOLDRS (RKH), with JPMorgan and Wells Fargo as his two top holdings, is below the trade. 1%.
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