European bank regulators levied $2.32 billion against six banks including JPMorgan for rate rigging on Libor, a key benchmark used to set interest rates and other global interest setting indices.

The settlements levied fines against some of the world’s biggest banks, including: Deutsche Bank, Société Générale, Royal Bank of Scotland and J.P. Morgan and Citigroup.

JPMorgan was fined $108 million, while Citi was hit with $95 million fine.