{"id":20973,"date":"2014-10-28T05:42:38","date_gmt":"2014-10-28T04:42:38","guid":{"rendered":"http:\/\/www.w-t-w.org\/en\/?p=20973"},"modified":"2014-10-28T05:42:38","modified_gmt":"2014-10-28T04:42:38","slug":"jp-morgan-fined-by-european-commission-for-cartel-like-behavior","status":"publish","type":"post","link":"https:\/\/www.w-t-w.org\/en\/jp-morgan-fined-by-european-commission-for-cartel-like-behavior\/","title":{"rendered":"JP Morgan Fined by European Commission for Cartel-Like Behavior"},"content":{"rendered":"<p>The European Commission on fined four major financial institutions 93.9 million euros, or about $120 million, over two types of activity that it deemed as cartel behavior.<\/p>\n<p class=\"indent\">In one case, the European Commission fined JPMorganChase 61.7 million eurosion\u00a0 for manipulating the Swiss franc Libor benchmark interest rate in an \u201cillegal bilateral cartel\u201d with the Royal Bank of Scotland. R.B.S., however, was granted immunity and avoided a fine of \u20ac110 million after it revealed the existence of the cartel to the commission.<\/p>\n<p class=\"indent\">\u201cAnti-cartel enforcement is a top priority for the commission and no sector is exempt, including the financial sector,\u201d the European Union said in a statement.<\/p>\n<p class=\"indent\"><a href=\"http:\/\/www.w-t-w.org\/en\/jp-morgan-fined-by-european-commission-for-cartel-like-behavior\/cartel-like-behavior\/\" target=\"_blank\" rel=\"attachment wp-att-20974\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-20974\" src=\"http:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2014\/10\/Cartel-Like-Behavior.jpg\" alt=\"Cartel-Like Behavior\" width=\"591\" height=\"496\" srcset=\"https:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2014\/10\/Cartel-Like-Behavior.jpg 591w, https:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2014\/10\/Cartel-Like-Behavior-300x251.jpg 300w, https:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2014\/10\/Cartel-Like-Behavior-357x300.jpg 357w\" sizes=\"auto, (max-width: 591px) 100vw, 591px\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The European Commission on fined four major financial institutions 93.9 million euros, or about $120 million, over two types of activity that it deemed as cartel behavior. In one case, the European Commission fined JPMorganChase 61.7 million eurosion\u00a0 for manipulating &hellip; <a href=\"https:\/\/www.w-t-w.org\/en\/jp-morgan-fined-by-european-commission-for-cartel-like-behavior\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":22,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[70,22,13],"tags":[],"class_list":["post-20973","post","type-post","status-publish","format-standard","hentry","category-big-banks","category-corruption","category-finance"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.10 - aioseo.com -->\n\t<meta name=\"description\" content=\"Cartel-like behavior in Libor fined.\" \/>\n\t<meta name=\"robots\" content=\"max-image-preview:large\" \/>\n\t<meta name=\"author\" content=\"Adela Rogers\"\/>\n\t<link rel=\"canonical\" href=\"https:\/\/www.w-t-w.org\/en\/jp-morgan-fined-by-european-commission-for-cartel-like-behavior\/\" \/>\n\t<meta name=\"generator\" content=\"All in One SEO (AIOSEO) 4.9.10\" \/>\n\t\t<meta property=\"og:locale\" content=\"en_US\" \/>\n\t\t<meta property=\"og:site_name\" content=\"W-T-W.org - Women and Finance\" \/>\n\t\t<meta property=\"og:type\" content=\"article\" \/>\n\t\t<meta property=\"og:title\" content=\"JP Morgan Fined by European Commission for Cartel-Like Behavior - W-T-W.org\" \/>\n\t\t<meta property=\"og:description\" content=\"Cartel-like behavior in Libor fined.\" \/>\n\t\t<meta property=\"og:url\" content=\"https:\/\/www.w-t-w.org\/en\/jp-morgan-fined-by-european-commission-for-cartel-like-behavior\/\" \/>\n\t\t<meta property=\"article:published_time\" content=\"2014-10-28T04:42:38+00:00\" \/>\n\t\t<meta property=\"article:modified_time\" content=\"2014-10-28T04:42:38+00:00\" \/>\n\t\t<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n\t\t<meta name=\"twitter:title\" content=\"JP Morgan Fined by European Commission for Cartel-Like Behavior - W-T-W.org\" \/>\n\t\t<meta name=\"twitter:description\" content=\"Cartel-like behavior in Libor fined.\" \/>\n\t\t<script type=\"application\/ld+json\" class=\"aioseo-schema\">\n\t\t\t{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"BlogPosting\",\"@id\":\"https:\\\/\\\/www.w-t-w.org\\\/en\\\/jp-morgan-fined-by-european-commission-for-cartel-like-behavior\\\/#blogposting\",\"name\":\"JP Morgan Fined by European Commission for Cartel-Like Behavior - 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