JPMorgan, UBS Fined by EU in Libor Probes

The video discusses the Libor scandal in Europe, highlighting the fines imposed on banks like JP Morgan, UBS, and Credit Suisse. JP Morgan received the largest fine, while RBS avoided penalties by whistleblowing. The investigation focused on the influence of the Swiss franc Libor benchmark interest rate, dating back to March 2008.

What is the main focus of the Libor scandal discussed in the video?

• Healthcare reforms

• Technological advancements

• Banking fines in Europe

• Environmental issues

Which bank received the largest fine in the Libor scandal?

• RBS

• JP Morgan

• Credit Suisse

• UBS

How much was UBS fined in the Libor scandal?

• €50 million

• €9.17 million

• €12.7 million

• €72.2 million

Which bank avoided penalties by blowing the whistle on the cartel?

• Credit Suisse

• RBS

• JP Morgan

• UBS

When did the investigation into the Swiss franc Libor benchmark interest rate begin?

• June 2009

• January 2010

• December 2007

• March 2008