HSBC and JP Morgan to fight back against rigging allegations
HSBC and JP Morgan have said
they will defend themselves against accusations of fixing
Euribor rates after the European Commission announced it may
take action against the banks.
The EU regulator contacted
three major banks this week over concerns they may
have colluded to rig the price of interest rate
formal move followed on from unannounced inspections at the
premises of several banks in October 2011.
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