BUSINESS
02/22/2013 03:28 am ET Updated Apr 24, 2013

Libor Manipulation Perpetrated By Cartels, European Commission Suspects

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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