Brussels, 06/11/2013 (Agence Europe) - The European Commission is preparing to levy fines of several million euro on six international banks suspected of manipulating the Euribor and Libor inter-bank interest rate benchmarks (see EUROPE 10665), a source close to the matter is quoted as saying by Reuters and the Financial Times on Tuesday 5 November.
The FT says that Royal Bank of Scotland, Société Générale and Deutsche Bank are prepared to pay up next month after reaching an arrangement...