BRUSSELS, Dec 4 (Reuters) - EU antitrust regulators scrappedon Friday charges against 13 banks including Citigroup andDeutsche Bank related to credit swaps but said thecase against Markit and the International Swaps and DerivativesAssociation would continue.
The European Commission in July 2013 charged the group withblocking Deutsche Boerse and the Chicago MercantileExchange from the lucrative credit derivatives market (CDS) in2007 and 2008.
The EU executive said it closed the case against the 13banks because it did not have sufficient evidence of wrongdoingby the lenders.
"This closure does not prejudge the outcome of theCommission's investigation regarding (financial data company)Markit, and ISDA, which is ongoing," it said in a statement.
The 13 banks are Bank of America Merrill Lynch, Barclays,Bear Stearns, BNP Paribas, Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC,JPMorgan, Morgan Stanley, Royal Bank of Scotland and UBS. (Reporting by Foo Yun Chee)
Barclays (BARC)
HSBC Holdings (HSBA)
