Swiss Franc Rates Added to EU’s Interbank Collusion Probes

Swiss Franc Rates Added to EU’s Interbank Collusion Probes

Valentin Flauraud/Bloomberg

European Union antitrust regulators are investigating collusion among banks and brokers to manipulate benchmark lending rates denominated in Swiss francs, building on earlier probes linked to the yen and the euro, EU Competition Commissioner Joaquin Almunia said today.