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Banks fined over $2.3bn for rate rigging

The EU fines eight banks for forming illegal cartels to rig interest rates.

The European Commission has fined eight banks for 'shocking' collusion to rig interest rates. We hear what kind of behaviour bankers were engaged in and what kind of a deterrent the mounting fines will be. Also the 大象传媒's Lucy Burton is in Bucharest reporting on whether Romanians have plans to leave for the European countries which are removing work restrictions from January 1st - a major political issue in Britain in particular. And Spotify launches a new website to explain what it pays musicians and why.

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29 minutes

Last on

Wed 4 Dec 2013 17:32GMT

Broadcast

  • Wed 4 Dec 2013 17:32GMT