EU fines Global Banks $2.3 bln

EU fines Global Banks $2.3 bln

The European Commission has fined a group of major global banks a total of 1.7 billion euros (US$2.3 billion) for colluding to profit from the interest rates market. The banks, which include JP Morgan, Citigroup and HSBC, are accused of manipulating European and Japanese benchmark interest rates that affect hundreds of billions of dollars in […]

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