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RBS settlement on Libor points to ‘collusion’ with rival banks, brokers

By Ana Rita Rego ( February 6, 2013, 15:56 GMT | Insight) -- A settlement reached today between the Royal Bank of Scotland and the UK’s financial watchdog indicates that bankers colluded with competitors and brokers to manipulate the London Interbank Offered Rates for Japanese yen and Swiss francs. The evidence may be of interest to EU antitrust officials currently investigating whether bankers formed cartels to fix benchmark rates.Brussels – A settlement reached today between the Royal Bank of Scotland and the UK’s financial watchdog indicates that bankers colluded with competitors and brokers to manipulate the London Interbank Offered Rates (Libor) for Japanese yen and Swiss francs....

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