Europe

EU to Levy Record Fines on Libor Banks

EU antitrust regulators will reportedly levy a record fine of on six financial institutions for rigging the yen Libor interest rate benchmark.

UK finance minister Osborne backs RBS bad bank plan

Britain's finance minister George Osborne said on Friday he wholeheartedly supported plans by Royal Bank of Scotland to create an internal bad bank to manage the run-down of its riskiest assets.

JPMorgan Slapped With Fine by UK Regulator

Britain's Financial Conduct Authority fined a wealth management unit of U.S. bank $4.6 million for being unable to show it was giving clients the right advice.