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Violation Tracker Individual Record

Company: NatWest Markets PLC
Current Parent Company: NatWest Group PLC
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Penalty: $21,000,000
Year: 2023
Date: October 24, 2023
Offense Group: competition-related offenses
Primary Offense: price-fixing or anti-competitive practices
Secondary Offense: interest rate benchmark manipulation
Violation Description: NatWest agreed to pay $21 million to settle its role in litigation involving rigging of the Libor interest rate benchmark.
Level of Government: federal
Action Type: private litigation
Court: Southern District of New York
Civil or Criminal Case: civil
Case ID: 1:15-cv-00871
Case Name: Sonterra Capital Master Fund Ltd. v. Credit Suisse Group AG et al
Private Lawsuit Resolution Type: settlement
HQ Country of Current Parent: United Kingdom
Ownership Structure of Current Parent: government-owned
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking & securities
Source of Data: (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.