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NOV 05, 2013 - Yahoo! News

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Exclusive: EU to fine RBS, Deutsche, JP Morgan and three others in Euribor case

By Foo Yun Chee BRUSSELS (Reuters) - EU antitrust regulators are set to impose multi-million euro fines on Royal Bank of Scotland , and three other banks for suspected rigging of the Euribor interest rate benchmark, a person familiar with the matter said on Tuesday. , which alerted the European Commission to the suspected wrongdoing, will not be fined. The move comes two years after the Commission, the EU's antitrust authority, raided a number of global banks for suspected fixing of Euribor, the benchmark used as the basis for pricing 250-trillion-euros-worth of financial contracts, ... Read More

Tags: Exclusive: EU to fine RBS, Deutsche, JP Morgan and three others in Euribor case,  Royal Bank Of Scotland Latest News