HSBC Loses Fight at EU Top Court Over Euribor Rigging Charge (2)

HSBC Holdings Plc lost its bid to topple the decision that it illegally rigged the Euribor benchmark, in a setback following an earlier victory when its €33.6 million ($36 million) EU fine was overturned.

The EU Court of Justice in a ruling on Thursday rejected HSBC’s challenge of the European Commission’s finding that it had illegally participated in a cartel.

While a lower EU court in 2019 toppled the antitrust fine on procedural grounds, judges at the time agreed with the bloc’s antitrust regulators that HSBC had taken part in a single and continuous infringement. Such a finding leaves ...