European Competition Commissioner Joaquin Almunia addresses the media at the European Commission headquarters in Brussels, Tuesday, May 20, 2014. The European Commission's top competition regulator ... more 
European Competition Commissioner Joaquin Almunia addresses the media at the European Commission headquarters in Brussels, Tuesday, May 20, 2014. The European Commission's top competition regulator has accused JPMorgan, HSBC and Credit Agricole of colluding to manipulate the price of financial products, 'derivatives', linked to interest rates. Commissioner Joaquin Almunia said Tuesday the banks will now have a chance to respond to his preliminary findings. If the Commission ultimately concludes they have broken the law, it can impose a maximum fine of up to 10 percent of their annual turnover. (AP Photo/Yves Logghe) less 
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Associated Press | Photo By Yves Logghe
Tue, May 20, 2014 7:20 AM EDT