On Thursday (23 April), Deutsche Bank agreed with US and British authorities to pay a record $2.5 billion in fines, over manipulated benchmark interest rates it used to price contracts in Europe, and around the world.
The European Commission informed Crédit Agricole, HSBC and JPMorgan on Tuesday of its preliminary view that they may have breached EU antitrust rules by colluding to influence the pricing of interest rate derivatives denominated in the euro currency. The sending of a statement of objections does not prejudge the final outcome of the investigation.
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