EU slaps record fine on bank cartel | DW News - latest news and breaking stories | DW | 04.12.2013
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EU slaps record fine on bank cartel

A cartel of international banks secretly conspired to fix interest rates. For doing so the European Commission has fined them with a record 1.7 billion euros. The benchmark rates involved are the London interbank rate Libor, the Tokyo interbank rate Tibor, and the euro area equivalent Euribor.

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