Wednesday, December 4, 2013

Europe Fines 8 Banks €1.7 Billion For Rate Rigging In Largest Ever Cartel Penalty In History

http://www.zerohedge.com/news/2013-12-04/europe-fines-8-banks-%E2%82%AC17-billion-rate-rigging-largest-ever-cartel-penalty-history

  • Deutsche Bank gets biggest combined penalty of €725.4mln.
  • SocGen fined €445.9mln for Euribor manipulation.
  • RBS agrees to pay €391mln in cartels
  • JPMorgan fined €79.9mln in JPY LIBOR case.
  • R.P. Martin Holdings Ltd fined €247,000
  • UBS and Barclays escape fines as EU whistle-blowers.

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