- Wrapping up a five-year investigation, the European Commission has fined Credit Agricole (OTCPK:CRARY), HSBC (NYSE:HSBC) and JPMorgan (NYSE:JPM) a total of €485M for their part in a cartel to fix the Euribor benchmark interest rate.
- Deutsche Bank, RBS, and Societe Generale admitted guilt in December 2013.
- Barclays avoided a fine because it alerted the Commission.
- HSBC +1% premarket
JPMorgan, HSBC, Credit Agricole fined for Euribor fixing
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| Symbol | Last Price | % Chg |
|---|---|---|
| CRARY | - | - |
| Crédit Agricole S.A. | ||