The European Commission (EU) has charged three more global banks including JPMorgan, HSBC and Credit Agricole for fixing euro benchmark borrowing rate Euribor.
The commission has informed Crédit Agricole, HSBC and JPMorgan of its preliminary view that they may have breached EU antitrust rules by colluding to influence the pricing of interest rate derivatives denominated in the euro.
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"The Commission has concerns that the three banks may have taken part in a collusive scheme which aimed at distorting the normal course of pricing components for euro interest rate derivatives," the EU competition authority said in a statement.
"The sending of a statement of objections does not prejudge the final outcome of the investigation," the statement further added.
If the three banks are found guilty of breaching EU antitrust laws, they could face monetary penalties of up to 10% of their annual global revenues.
In December 2013, the commission imposed fines totaling $1.42bn on Barclays, Deutsche Bank, RBS and Societe Generale, for their alleged role in Euribor rigging case.
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By GlobalDataEuribor is a benchmark interest rate which is the eurozone equivalent of Libor.
