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>> ROYAL BANK OF SCOTLAND Latest News

NOV 05, 2013 - Yahoo! News

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Exclusive: EU to fine Deutsche, JPMorgan and others in rate probe - source

EU antitrust regulators are set to fine six global banks including Deutsche Bank for suspected rigging of benchmark euro zone interest rates, a person familiar with the matter said on Tuesday. The penalties, which will also target Royal Bank of Scotland The move comes two years after the European Commission, the EU's antitrust authority, raided a number of banks for suspected fixing of Euribor, a benchmark used as the basis for pricing 250 trillion euros ($338 trillion) worth of financial contracts, from Spanish mortgages to complex derivatives.

Tags: Exclusive: EU to fine Deutsche, JPMorgan and others in rate probe - source,  Royal Bank Of Scotland Latest News