Brussels, 20/05/2014 (Agence Europe) - The preliminary conclusions of an investigation into three banks, Crédit Agricole, HSBC and JPMorgan, find that they were involved in rate-fixing for derivatives in euro.
The European Commission has sent them a statement of objections (which does not prejudge the final outcome of the investigation). It has told the banks of its suspicions and is now awaiting a reply before taking the final decision.
Derivatives denominated in euro are used by banks...