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Lombard Club

Topic: Finance

 From HandWiki - Reading time: 1 min

The Lombard Club was a European banking cartel broken up by the European Commission in 2002. The Commission found that eight Austrian banks met monthly to organize widespread price fixing across Austria. It organized before Austria was a European Union member.[1]

References

  1. ↑ "Commission fines eight Austrian banks in "Lombard Club" cartel case". 11 June 2002. http://europa.eu/rapid/pressReleasesAction.do?reference=IP/02/844&format=HTML&aged=0&language=EN&guiLanguage=en. Retrieved 2007-06-23. 





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