Almunia aims to wrap up benchmark-rate inquiry this year

02/25/2013 | Reuters · Wall Street Journal, The

EU Competition Commissioner Joaquin Almunia is working to conclude his investigation into manipulation of the London Interbank Offered Rate and other lending benchmarks. The European Commission has offered some banks the possibility of reducing fines through a settlement, sources say. "Almunia wants decisions on the cases by the end of the year," one source said.

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Reuters · Wall Street Journal, The

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