Traders from Deutsche Bank and Barclays take to the stand in the first Euribor rigging trial. Euribor is the Brussels-based benchmark interest rate lenders charge each other to lend euros.
A trial in London to last several months is looking into benchmark-rigging offences committed between 2005 and 2009. Among the defendants are traders from Germany's largest lender, Deutsche Bank, and Barclays.
France’s second-biggest bank Societe Generale has agreed with the US to pay penalties exceeding $1 billion to settle allegations it bribed officials in Libya, and manipulated the Libor interest rate benchmark.
The European Banking Authority (EBA) has published results of a stress test it ran on major lenders from the EU and Norway, showing that a clutch of British banks and two lenders from Italy fared worst.
The EU Commission has fined banks Credit Agricole, HSBC and JPMorgan Chase for their part in a cartel to fix the price of financial benchmarks linked to the euro. Three other banks were already fined.
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