Credit Suisse did not benefit from this reduction as it did not cooperate with authorities, the commission said. UBS ultimately does not have to pay any fine as the bank received "full immunity" for revealing the existence of the cartel. A spokesperson for NatWest, the parent company of RBS, told CNBC via email: "We are pleased to have reached this settlement regarding serious misconduct that took place in a single chatroom, and that involved a former employee of the bank, around a decade ago.
UBS said via email: "This is a legacy matter where UBS was the first bank to disclose potential misconduct and we are pleased the matter is resolved. Earlier this year, the commission had also found seven investment banks guilty of breaching its antitrust rules during the global financial crisis, with three of the banks receiving fines.
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