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WallStreetJournal – 9 More Banks Subpoenaed Over Libor – 27 October 2012
Posted on October 27, 2012 by lucas2012infos | Leave a comment
By Reed Albergotti aand Jean Eaglesham
Nine more banks have received subpoenas in connection with a probe
into alleged widespread interest-rate manipulation by banks, a person
familiar with the investigation said.
The probe, a joint effort by the offices of New York Attorney General
Eric Schneiderman and Connecticut Attorney General George Jepsen, could
lead to civil enforcement action related to breaches of antitrust and
fraud laws.
The subpoenas, which were issued in August and September but haven’t
been previously reported, bring the total number of subpoenas in the
case to 16. The banks involved in the probe include most members of the
panel that helps set the dollar London interbank offered rate.
The investigation by the state prosecutors is part of a global probe,
in which more than a dozen federal and other regulators across three
continents are looking into allegations that several banks rigged Libor.
Read the whole story at: online.wsj.com link to original article
Thanks to: http://lucas2012infos.wordpress.com
Posted on October 27, 2012 by lucas2012infos | Leave a comment
By Reed Albergotti aand Jean EagleshamNine more banks have received subpoenas in connection with a probe
into alleged widespread interest-rate manipulation by banks, a person
familiar with the investigation said.
The probe, a joint effort by the offices of New York Attorney General
Eric Schneiderman and Connecticut Attorney General George Jepsen, could
lead to civil enforcement action related to breaches of antitrust and
fraud laws.
The subpoenas, which were issued in August and September but haven’t
been previously reported, bring the total number of subpoenas in the
case to 16. The banks involved in the probe include most members of the
panel that helps set the dollar London interbank offered rate.
The investigation by the state prosecutors is part of a global probe,
in which more than a dozen federal and other regulators across three
continents are looking into allegations that several banks rigged Libor.
Read the whole story at: online.wsj.com link to original article
Thanks to: http://lucas2012infos.wordpress.com
