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USA - 21/10 17:52 CET

EU Commission hits three more banks for LIBOR scandal

EU Commission hits three more banks for LIBOR scandal

Three banks have been fined by the EU Commission for their role in the LIBOR scandal during which inter-bank interest rates were fixed. JPMorgan, UBS and Credit Suisse will pay 94 million euros , with JPMorgan paying over two-thirds of the total. RBS, which informed the European executive of the wrongdoing, will pay nothing. The…