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New banking scandal on the horizon

04.12.13 @ 09:04

  1. By EUOBSERVER

A new banking scandal is looming, with several European banks suspected of having rigged the exchange courses, Sueddeutsche Zeitung reports. Financial regulators in the US, UK and Germany are investigating. The scandal could be bigger than the interbank rate fixing (Libor), as it touches €3.9 trillion worth of daily transactions.

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