Authorities in the United States subpoenaed seven banks in connection with investigations into the alleged manipulation of Libor interbank lending rates, news reports said late Wednesday.
The attorneys general of New York and Connecticut sent subpoenas
in the past few weeks to Deutsche Bank AG, Royal Bank of Scotland
Group Plc, HSBC Holdings Plc, JPMorgan Chase & Co and Barclays Plc,
the financial news agency Bloomberg reported.
Citigroup Inc and UBS AG received similar orders more than a month
ago, the report said.
The move marked the latest in the scandal surrounding the alleged
rigging of the Libor, a benchmark rate used to set the interest of a
wide range of financial products from mortgages to credit cards.
In July, Barclays chief executive Bob Diamond resigned after the
bank was fined more than 450 million dollars in Britain for allegedly
fixing the rate.
