Brussels, 04/12/2013 (Agence Europe) - On 4 December, the European Commission fined seven international banks (Barclays Bank, Deutsche Bank, Société Générale, Royal Bank of Scotland, UBS, JP Morgan and Citigroup) and one broker (RP Martin) a record €1.71 billion in total for membership of an illegal cartel on the interest rate derivatives market and for manipulating inter-bank interest rate benchmarks in euro (Euribor) and yen (Libor and Tibor). The companies colluded to set rates and...