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.
Most Popular Stories
- GM Joins Nissan to Supply Small Cargo Vehicle
- Bieber Booed at Billboard Awards
- Marketo Makes a Mint in IPO: Stock Shoots Up More than 50 Percent
- GM to Rejoin S&P 500, Akerson Says
- Kerry Concerned Over Blasphemy Laws, Anti-Semitism
- Ford's Supplier Diversity Program Turns 35
- Ford Trucks See Boost as Roadshow Reaches Saudi Arabia
- Ladies in White Group Needs Help From Abroad
- Darden Competition for Small Businesses Opens
- NTSB Wants to Lower Blood Alcohol Limit to 0.05