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EU suspects cartels involved in fixing lending benchmarks
February 22, 2013 / 8:31 AM / in 5 years

EU suspects cartels involved in fixing lending benchmarks

PARIS, Feb 22 (Reuters) - The European Commission suspects the existence of cartels involved in manipulating lending benchmarks such as Libor and Euribor, the EU’s antitrust chief said in a speech on Friday.

Joaquin Almunia said that, in contrast with the approach taken in the United States, EU regulators would seek to deal with all suspected cartel participants together.

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