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ZURICH Dec 21 The Swiss Competition Commission
(COMCO) said on Wednesday it had fined several European and U.S.
banks over four instances of interest rate cartels, the largest
of which was a 33.9 million Swiss franc ($32.9 million) penalty
for JPMorgan Chase & Co.
The JPMorgan fine came after COMCO concluded it operated a
bilateral cartel with Royal Bank of Scotland (RBS) with the aim
of influencing the Swiss franc LIBOR benchmark between March
2008 and July 2009, COMCO said in a statement.
RBS received full immunity for revealing the existence of
the cartel to the COMCO.
Barclays was also fined 29.8 million francs for
participating in a cartel in euro interest rate derivatives,
For full information on the COMCO decisions see here
($1 = 1.0282 Swiss francs)
(Reporting by Joshua Franklin; Editing by Michael Shields)