JP Morgan Chase & Co (JPM): JPMorgan fined $360 million for manipula...

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Wednesday, 12/07/2016 8:18:35 AM

Wednesday, December 07, 2016 8:18:35 AM

JPMorgan fined $360 million for manipulating key interest rate

http://money.cnn.com/2016/12/07/news/jpmorgan-euribor-fine-europe-interest-rates/index.html?iid=hp-stack-dom

The European Commission on Wednesday announced €485 million ($520 million) in fines against three banks -- Credit Agricole (CRARY), HSBC (HSBC) and JPMorgan (JPM) -- that colluded in order to manipulate the Euro Interbank Offered Rate, or Euribor.

The regulator said the banks had acted as a "cartel."

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