EU fines JPMorgan, UBS, Credit Suisse for taking part in cartels

``The Commission handed JPMorgan a 61.7-million-euro fine for rigging the Swiss franc Libor benchmark interest rate between March 2008 and July 2009. It was also fined 10.5 million euros for participating in a cartel on Swiss franc interest rate derivatives. UBS' penalty in the derivatives cartel came to 12.7 million euros and that of Credit Suisse was 9.2 million euros. Royal Bank of Scotland (RBS.L) alerted the Commission about both cartels and escaped total fines of 115 million euros.''