EU regulators to fine 5 banks for rate rigging - source

BRUSSELS, Dec 3 (Reuters) - European Union antitrustregulators will fine five banks including Citigroup andDeutsche Bank for rigging yen Libor and Tiborinterest rate benchmarks, a person familiar with the matter saidon Tuesday.

The person said the other banks facing sanctions includeRoyal Bank of Scotland, JPMorgan and Barclays. UBS alerted the wrongdoing to the EuropeanCommission and will not be penalised.

The EU competition authority is expected to announce thefines for rigging Libor, Tibor and Euribor on Wednesday, asecond person said.