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NatWest Pleads Guilty to Manipulation of U.S. Treasury Markets

Dec. 21, 2021, 7:11 PM

NatWest Group Plc’s investment bank pleaded guilty to one count of wire fraud and one count of securities fraud in connection with a criminal information filed Tuesday in the District of Connecticut, the U.S. Department of Justice said in a statement.

NatWest Markets Plc agreed to pay around $35 million in fines as part of a punishment that included a three-year probation and the imposition of an independent compliance monitor. The fines are fully covered by existing provisions, NatWest said in a separate statement.

“NatWest is a repeat offender,” said acting U.S. Attorney Leonard C Boyle for the District ...