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World News

EU fines eight leading banks record 1.7 bln euros for benchmark rigging World News

EU fines eight leading banks record 1.7 bln euros for benchmark rigging

A group of leading European and American banks will be fined a record 1.7 billion euros ($2.3 billion) by the European Commission for the rigging of interest-rate benchmarks, a source familiar with the matter told Reuters on Wednesday. The banks to be fined are Citigroup, Deutsche Bank, Royal Bank of Scotland, JPMorgan, Barclays and Societe Generale, sources have said. December 4 2013, 16:59 1 148 просмотрs