Seven banks in New York LIBOR probe

Seven of the world's largest banks are facing fresh scrutiny from a powerful US state prosecutor over their role in the alleged rigging of LIBOR, the lending gauge at the centre of an international scandal.

Subpoenas have been sent to Deutsche Bank, Citigroup, JPMorgan Chase, Royal Bank of Scotland, Barclays, HSBC and UBS in the latest probe into banks' setting of the London Interbank Offered Rate, according to people familiar with the matter and regulatory filings ... READ MORE

Released by the Financial Times - 15 August 2012