The Swiss Competition Commission, known as Comco, said a raft of banks ran cartels to influence rates dating as far back as 2005.
As well as RBS and Barclays, Comco also fined US investment banking giants JP Morgan Chase & Co and Citigroup, German group Deutsche Bank, French player Societe Generale and Swiss bank Credit Suisse.
It marks the latest in a long line of bank penalties for rate-rigging scandals that have come to light since the 2008 global financial crisis.
Just weeks ago, the European Commission announced fines totalling €485 million (£409 million) for HSBC, JPMorgan and Credit Agricole for the part they played in conspiring to rig interest rate derivatives.
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