Arab Today, arab today eu sets out raterigging case to hsbc jpmorgan credit agricole
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EU sets out rate-rigging case to HSBC, JPMorgan, Credit Agricole

Arab Today, arab today

Arab Today, arab today EU sets out rate-rigging case to HSBC, JPMorgan, Credit Agricole

Brussels - AFP

The European Commission said on Tuesday it had informed Credit Agricole, HSBC and JPMorgan of its reasons for believing they had rigged interest rate benchmarks crucial to global financial markets. Following a probe, the Commission said it had now told the three 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."

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