EU to hit banks with huge fines over rate-rigging: FT | Bangkok Post: news

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EU to hit banks with huge fines over rate-rigging: FT

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The European Union is set to impose multibillion-euro fines on banks alleged to have manipulated key interest rate benchmarks Euribor and Yen Libor, the Financial Times reported on its website. 

The European Union is set to impose multibillion-euro fines on Royal Bank of Scotland, Deutsche Bank and Societe Generale alleged to have manipulated key interest rate benchmarks Euribor and Yen Libor, the Financial Times reported on its website

Royal Bank of Scotland, Deutsche Bank and Societe Generale are ready to pay penalties next month after reaching an agreement with Brussels.

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