Switzerland fines banks for rate rigging

• The Swiss Competition Commission has fined several European and U.S. banks almost 100M Swiss francs ($97.3M) over interest rate cartels, the latest punishment dished out in connection with rate-rigging scandals.
• The largest was a 33.9M Swiss franc ($32.9M) penalty for JPMorgan (NYSE:JPM).
• Other banks that were fined include RBS, Deutsche Bank (NYSE:DB), Citigroup (NYSE:C), Barclays (NYSE:BCS), Credit Suisse (NYSE:CS) and SocGen (OTCPK:SCGLY).