United Press International 2013.12.04 21:09
BRUSSELS, Dec. 4 (UPI) - BRUSSELS, Dec. 4 (UPI) - The European Commission
said Wednesday it has fined eight financial firms $2.3 billion for interest
rate manipulation it characterized as collusion.
The commission said in a statement the banks participated in "illegal
cartels in markets for financial derivatives." The statement said four of
the eight banks colluded to manipulate the Euro Interbank Offered Rate,
BARCLAYS, BANK, CARTEL, MANIPULATION, COLLUSION, RATE, Chase, Germany, USA, United Kingdom, Japan, Tokyo