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8 EU Banks Fined for Rigging Interest Rates

BBC – The European Commission has accused JPMorgan, HSBC and Credit Agricole of colluding to fix a key euro benchmark borrowing rate – Euribor. The European Commission has fined eight banks – including RBS – a total of 1.7bn euros (£1.4bn) for forming illegal cartels to rig interest rates.

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Former MI5 Chief to Help HSBC Clean Up its Act

Sir Jonathan Evans, former MI5 Chief to help HSBC tackle money laundering and cyber-crime after being fined £1.25 billion last year for money laundering for terrorists and drug barons.

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