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EU fines JP Morgan, HSBC, Credit Agricole £410m for rate rigging

-Anietie Udobit, agency reports Credit Agricole, HSBC and JP Morgan have been fined for rigging the Euribor interest rate benchmark as European Union antitrust regulators ended a five-year investigation into the scandal. The European Commission’s competition watchdog fined the banks a total of €485m (£410m) for participating in a cartel in euro

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