The Business Times
The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

Companies & Markets

French watchdog fines Morgan Stanley for bond price manipulation

Published Tue, Dec 10, 2019 · 07:52 AM
Share this article.

[PARIS] France's financial markets regulator said Tuesday it had fined US bank Morgan Stanley 20 million euros (S$30.1 million) for market manipulation at the height of the Greek debt crisis.

The Autorite des Marches Financieres said the lender had manipulated French and Belgian bond prices in June 2015 with the aim of causing an "abnormal and artificial rise" in sovereign bond prices and reselling them for a profit.

Morgan Stanley has denied manipulating markets.

AFP

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Banking & Finance

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here