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Last Trade - 29/06/20

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Financials
Size
Micro Cap
Market Cap £n/a
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Revenue £6.09m
Position in Universe th / 1048

BRIEF-Swiss competition panel fines banks in Swiss franc LIBOR case

Wed 21st December, 2016 6:22am
Dec 21 (Reuters) -  
    * Swiss Competition Commission (comco) says has closed its 
investigation related to the Swiss franc LIBOR benchmark with an 
amicable settlement and imposes total fines of approximately chf 
33.9 million 
    * COMCO REACHED THE CONCLUSION JPMORGAN AND ROYAL BANK OF 
SCOTLAND (RBS) OPERATED, BETWEEN MARCH 2008 AND JULY 2009, A 
BILATERAL CARTEL WITH THE AIM OF INFLUENCING THE SWISS FRANC 
LIBOR BENCHMARK 
    * COMCO SAYS JPMORGAN WAS FINED CHF 33.873 MILLION AFTER 
RECEIVING A REDUCTION OF ITS FINE FOR THE COOPERATION IN THE 
INVESTIGATION UNDER THE LENIENCY PROGRAMME 
    * COMCO SAYS RBS RECEIVED FULL IMMUNITY FOR REVEALING THE 
EXISTENCE OF THE CARTEL TO THE COMCO 
    * COMCO SAYS DECIDED TO DISCONTINUE THE PROCEDURE AGAINST 
THE TWO SWISS INTERDEALER/CASH BROKER COSMOREX AND GOTTEX 
    * COMCO SAYS DECISION CAN BE APPEALED TO THE FEDERAL 
ADMINISTRATIVE COURT 
 
Source text for Eikon:  ID:  
Further company coverage: [ ] 
 
 (Reporting By Zurich newsroom) 
 ((zurich.newsroom@thomsonreuters.com; +41 58 306 7336;))
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