EU regulator levels 'cartel' charge against three top banks
JPMorganChase, HSBC and Credit Agricole are all in the dock
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JPMorganChase, HSBC and Credit Agricole are all in the dock
It will also have to sell or run down about £115 billion of non-core assets.
It brings the total of people charged in relation to the scandal to six.
The fines could set EU antitrust records with banks accused of fixing the rate at which they lend to each other.
A report by a parliamentary commission on banking in the UK has recommended widespread reform to the sector.
The Swiss banking giant is to pay $1.5 billion to regulators over allegations it manipulated Libor interest rates.
Head of British Treasury Select Committee inquiry into Libor scandal is highly critical of Diamond in official report.
Interim results report clarifies the amount being earmarked for both redress for beleaguered Ulster Bank customers in Ireland and the costs associated with dealing with the system failure.
In the UK, a banking scandal has prompted high-level resignations and heavy fines. In Ireland our reaction is very different, writes William Campbell.
Have you ever seen our TDs in action? They’re hardly the people to investigate this complex – and untrustworthy – industry, writes Aaron McKenna.
Under pressure Bob Diamond has stepped down as the bank’s chief executive after controversy over the bank’s manipulation of key interest rates.
The British bank has been mired in controversy after it emerged that it manipulated one of the main inter-bank lending rates.
Revelation comes after RBS confirmed it is one of the banks being investigated over manipulation of inter-bank lending rates.