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EU Accuses Banks of Interest Rate Manipulation

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Published by:
Excel Management
Published:
5/21/2014
Specs:
Flyer / 8.25" x 10.75"
2 pages
Category:
Business & Finance
Tags:
EU, excel management, HSBC, JP Morgan

The European Commission formally charged British bank HSBC, North American JP Morgan and France's Credit Agricole for having created a cartel to fix interest rates. The banks face large fines. Both JP Morgan and HSBC have both denied the charges and consider them to be "without foundation".

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EU Accuses Banks of Interest Rate Manipulation


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