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JPMorgan, Crédit Agricole's EU cartel fines fight lives on if judges back opinion

By Nicholas Hirst ( March 12, 2026, 12:05 GMT | Insight) -- JPMorgan Chase and Crédit Agricole may need to re-argue their cases against fines imposed for colluding over the Euribor benchmark after an EU court opinion faulted a lower court ruling. EU Court of Justice Advocate General Nicholas Emiliou criticized the way judges at the EU General Court had first disregarded an amending decision by the EU antitrust regulator and then went on to impose their own fines. Emiliou's opinion isn't binding on judges.Questions over fines imposed on JPMorgan Chase and Crédit Agricole for colluding to manipulate a key European benchmark interest rate should be revisited by a lower court, according to an opinion prepared for the EU Court of Justice. ...

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