Using the word cartel often conjures images of colombian drug warts and machine guns. Drug lords and machine guns. Merriamwebster defines a cartel as a group of businesses that agree to fix prices so they will all make more money. That sounds illegal to me. And that is exactly why the hammer was dropped on six banks. Deutsche bank, royal bank of scotland, Jpmorgan Citigroup jp morgan, citigroup, and rbs. These are rates that banks charge each other tomorrow. What is shocking about the scandals is not just the manipulation of benchmarks, though it a serious infringement, but also cartels between a number of financial players. We want to send a clear message that the commission is determined to sanction these cartels in the financial sectors. Enforcing competition rules will help ensure that Financial Markets truly work at the service of the real economy and not just the few. But its not over yet. Its not over yet. Other banks are actually holding out for something better. I cap actually
Hello and welcome to world news today. An 80 year old chinese tourist has died in france from the new coronavirus after he travelled there from hubei province, the epicentre of the outbreak. Its the first fatality from the disease in europe. It comes as the head of the World Health Organization has said that the outbreak is still an emergency for china and it is impossible to tell where the epidemic will spread. More than 66,000 people are known to be infected and more than 1500 have now died in china. A who mission has arrived in the country to analyse the severity of the virus. 25 countries remain affected by covid 19. With the latest from from hong kong, heres nick bea ke. China has declared war on an invisible killer sending more doctors as well as soldiers into the worst affected area. But now the new coronavirus has claimed its first victim outside asia an elderly chinese man who had travelled to france. Translation last night, i was informed of the death of an 80 year old patien
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