The European Commission has charged HSBC (HSBC), JPMorgan (JPM) and Credit Agricole (OTCPK:CRARY) with manipulating benchmark rates linked to the euro. The indictment comes after the EC slapped a record €1.7B ($2.3B) penalty on six banks last December for similar sins, including Deutsche Bank (DB), Royal Bank of Scotland (RBS) and Citigroup (C).
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