Dec 5: EU fines banks over rate-rigging

http://www.bbc.co.uk/news/business-25215560 EU fines banks over rate-rigging The European Commission has fined eight banks – including RBS – a total of 1.7bn euros (£1.4bn) for forming illegal cartels to rig interest rates. The cartels operated in markets for financial derivatives, which are products used to manage the risk of interest rate movements. Two of the eight, […]