BRUSSELS : HSBC has won an appeal against a decision by European antitrust regulators to fine Europe's second-largest bank 33.6 million euros ($36 million) over its role in a cartel to manipulate benchmark Euribor interest rates in 2007.However, the European Court of Justice, Europe's highest court, said
BRUSSELS : HSBC has won an appeal against a decision by European antitrust regulators to fine Europe's second-largest bank 33.6 million euros over its role in a cartel to manipulate benchmark Euribor interest rates in 2007.
"The Court of Justice upholds the annulment of the 33.6 million euro fine imposed on the HSBC Group," the Luxembourg-based EU Court of Justice said, but added that it"dismisses the HSBC companies' action challenging the finding that it participated in the cartel at issue".The European Commission, the bloc's executive body, ruled in 2016 that HSBC and six other banks had tried to distort Euribor , a benchmark for rates on financial products, fining the lender 33.
It said traders at seven banks were in regular contact and exchanged information on their trading positions and pricing strategies via chatrooms or messaging services.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
EU court confirms HSBC's annulled euribor cartel fineBRUSSELS : Europe's top court on Thursday confirmed the annulment of an EU antitrust fine handed out to HSBC in 2016 for rigging the Euribor financial benchmark together with six other banks.'The Court of Justice upholds the annulment of the 33.6 million euro fine imposed on the HSBC Group,' the Luxembour
続きを読む »
Exclusive-EU wants details of Big Tech, telcos investment plans - sourceBRUSSELS : The European Commission wants to ask Big Tech and European Union telecoms providers about their investment outlays and cloud infrastructure plans before tabling legislation that could make the former pay for network costs, a person familiar with the matter said on Tuesday. Deutsche Telekom, Ora
続きを読む »
Marketmind: Risk on, risk offA look at the day ahead in European and global markets from Anshuman DagaAsian equity markets are flirting with six-month highs, powered by risk-on sentiment and hopes of a rebound in Chinese growth but inflation worries are looming ahead.European company results kick-off in earnest on Wednesday, with
続きを読む »
Last 8 years warmest on record globally: EU climate monitorEuropean temperatures have increased by more than twice the global average over the past 30 years. Read more at straitstimes.com.
続きを読む »
Still much to do in Northern Ireland Brexit talks, Dublin cautionsDUBLIN: Britain and the European Union still have much work to do to settle on revised post-Brexit trade rules for Northern Ireland after making important progress this week, Irish Foreign Minister
続きを読む »
EU's Covid-19 pass worked well, other tools less so, say auditorsEuropean Commission 'moved fast' to maintain the bloc’s cherished freedom of movement between states. Read more at straitstimes.com.
続きを読む »