Mexico’s antitrust body has fined seven banks a total of $1.5mn, only 4% of potential penalties, following a four-year investigation into alleged price rigging in the peso bond market, according to a document seen by Bloomberg News. Deutsche Bank AG, Barclays Plc, Bank of America Corp, Citigroup Inc’s local unit Citibanamex, Banco Bilbao Vizcaya Argentaria SA, Banco Santander Mexico SA and JPMorgan Chase & Co were fined a total of 29.4mn pesos out of a potential 680mn, the document showed. Deutsche Bank and Barclays got the two biggest fines at 8.7mn pesos and 6.35mn pesos, respectively. Eleven traders, whose identities weren’t disclosed, were fined a total of 5.7mn pesos out of a possible
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