Not new news, so to speak, but a headline I didn’t want to let slip by for obvious reasons. From the WSJ
NWM Unit Pleads Guilty to Manipulating Treasury Markets
Subsidiary of NatWest Group PLC will pay around $35 million in fines and other penalties
WASHINGTON—NatWest Markets PLC pleaded guilty Tuesday to wire and securities fraud, admitting that its traders in London, Singapore and Connecticut engaged in a number of schemes between 2008 and 2018 to manipulate U.S. Treasury markets…
… The bank’s parent company, NatWest Group NWG 2.34%▲ PLC, disclosed in September that Justice Department officials told bank officials the alleged manipulative trading, known as spoofing, violated the terms of an earlier settlement the bank had entered in 2017, when it was known as Royal Bank of Scotland…
For (somewhat)MORE, WSJ HERE