“Royal Bank of Scotland Group Plc was ordered to pay $50 million by a federal judge in Connecticut over claims that it rigged the London interbank offered rate. RBS was among six companies fined a record 1.7 billion euros ($2.3 billion) by the European Union last month for rigging interest rates linked to Libor. The combined fines for manipulating yen Libor and Euribor, the benchmark money-market rate for the euro, are the largest-ever EU cartel penalties. Global fines for rate-rigging have reached $6 billion since June 2012 as authorities around the world probe whether traders worked together to fix Libor, meant to reflect the interest rate at which banks lend to each other, to benefit trading positions.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Pizza delivery man facing deportation after delivering to military base
Geneva unveils wireless electric bus technology
Distracted police officers cause hundreds of crashes in metro Denver
Turkish court throws out Taksim redevelopment project that sparked mass protests
Grand Theft Auto V sales zoom past $1 billion mark in 3 days
Man busted at airport with $70 million check is ex-Iran central bank head
Where FEMA Fell Short, Occupy Sandy Was There
Mayor Bloomberg: ‘U.S. Can Borrow INFINITE Amount Of Money’
Treasury announces GM exit strategy; automaker buying 200 million shares from U.S.
Lithuania turns Google Street View on tax cheats
Jim Rogers: I am sceptical India government will deliver on promises
Government claims small gold miners won't be affected by mercury ban
The dangerous drift towards world war in Asia
Caught On Camera: Woman Goes Into Cardiac Arrest During Traffic Stop
US, Israel to hold major missile defense exercise