EU fines CA, JPMorgan and HSBC over Euribor

ReutersNewsPublished: December 7, 20161 views
Published: December 7, 2016

The European Commission has fined Credit Agricole, HSBC and JPMorgan Chase a total of 485 million euros ($520 million) for their part in a cartel to fix the price of financial benchmarks linked to the euro. As Hayley Platt reports, the fines for historic offences come at a difficult time for lenders.

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