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European Union Charges 13 Banks And Others With Antitrust Breaches

Monday, July 1, 2013 - 6:08 PM
BRUSSELS — EU watchdogs have charged 13 top investment banks with blocking exchanges' access to the lucrative credit derivatives market, hitting the sector with the latest in a growing list of regulatory headaches. Monday's move by the European Commission, which could result in hefty fines, comes as major banks also come under investigation for suspected rigging of lending benchmarks including Euribor and Libor.
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