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The latest business and finance news from around the world, on the BBC

The latest business and finance news from around the world, on the BBC.

World Business Report: Banks fined over $2.3bn for rate rigging

04/12/2013

Banks fined over $2.3bn for rate rigging

BBC World Service - World Business Report, Banks fined over $2.3bn for rate rigging

The EU fines eight banks for forming illegal cartels to rig interest rates.

The European Commission has fined eight banks for 'shocking' collusion to rig interest rates. We hear what kind of behaviour bankers were engaged in and what kind of a deterrent the mounting fines will be. Also the BBC's Lucy Burton is in Bucharest reporting on whether Romanians have plans to leave for the European countries which are removing work restrictions from January 1st - a major political issue in Britain in particular. And Spotify launches a new website to explain what it pays musicians and why.

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Banks fined over $2.3bn for rate rigging

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