Barclays immune from potential €690m (£573m) fine

Barclays is immune from a potential €690 million (£573 million) penalty after the bank blew the whistle on the Euribor cartel.

Barclays is among the banks found to have formed cartels to fix two benchmark interest rates.
Barclays is among the banks found to have formed cartels to fix two benchmark interest rates. Credit: REUTERS/Suzanne Plunkett

The Euribor is the euro area equivalent of the London interbank offered rate (Libor).

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Banks' £1.4bn rate fixing fine

Eight major banks have been fined a combined 1.7 billion euros (£1.4 billion) by the European Commission over rigging benchmark interest rates.