RBS and Barclays among banks fined for rate rigging after four-year probe

‘Lenders Royal Bank of Scotland and Barclays are among seven banks that have been hit with total fines of around 99 million Swiss francs (£78 million) for interest rate rigging after a four-year probe.
The Swiss Competition Commission, known as Comco, said a raft of banks ran cartels to influence rates dating as far back as 2005.
As well as RBS and Barclays, Comco also fined US investment banking giants JP Morgan Chase & Co and Citigroup, German group Deutsche Bank, French player Societe Generale and Swiss bank Credit Suisse.’
Read more: RBS and Barclays among banks fined for rate rigging after four-year probe