Re:EU charges eight banks over alleged government bond cartel
by mtgx on Friday February 01, 2019 @05:30AM
(#19053087)
There's no good reason why those names should be hidden from the EU population. None. It's a disgrace that governments continue to cater to large corporations and allow them to get away with small fines and "admitting no wrong" (despite receiving the fines for the crime done).
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Re:EU charges eight banks over alleged government bond cartel
by nicktelford on Friday February 01, 2019 @05:42AM
(#19053131)
A plausible reason is that it would likely impact their market value as shareholder confidence in those banks is affected by the potential for large fines in the near-future. Since the banks haven't actually been found guilty of anything (yet), they're simply being investigated, it would be damaging to release their names.
Re:EU charges eight banks over alleged government bond cartel
by mtgx on Friday February 01, 2019 @09:38AM
(#19054378)
The "economy will be hurt" if bankers go to jail is getting a little old, isn't it?
It's also sounds like exactly the kind of thing bankers would like the public to believe and would try to influence media narrative to repeat it.
Re:EU charges eight banks over alleged government bond cartel
by nicktelford on Saturday February 02, 2019 @06:38AM
(#19062499)
My point is simply that they haven't been found guilty of anything yet, just charged. If they're subsequently cleared of any wrongdoing, but their market value is tanked by the accusation, they're effectively being punished for nothing.
Innocent until proven guilty and all that.
Re:EU charges eight banks over alleged government bond cartel
by matt4077 on Friday February 01, 2019 @05:35AM
(#19053107)
Here’s one, possible, good reason: the EU has a sort of “whistleblower” defense, where the first company to cooperate in a cartel investigation gets off free. Assuming that bad PR is a significant part of punishment in these cases, it would make sense to delay announcing the culprits here to give one of them time to escape being named.
Re:EU charges eight banks over alleged government bond cartel
by kwhitefoot on Friday February 01, 2019 @07:36AM
(#19053583)
They still get named in the end but they avoid some of the fine.