Some banks 'braced for €800 million penalties'

The European Commission is expected to announce more fines for banks over the rate-rigging scandal, as ITV News business editor Laura Kuenssberg writes:

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Hear euro banks fines for market rigging out at 11.30 in brussels - told some banks braced for up to 800 million euro penalties

Read: Banks 'set for record €1.7 billion fine' over rate-rigging

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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.