LIBOR issues - US bank probe goes wider

Subpoenas have been sent to Bank of America, Bank of Tokyo Mitsubishi, UFH, Credit Suisee, Lloyds Banking Group, Rabobank, Royal Bank of Canada, Societe Generale, Norinchukin Bank and West LB. They were sent by Eric Schneiderman, New York Attorney-General, and George Jepsen, Connecticut Attorney-General as part of their investigations into schemes to rig the LIBOR interbank lending rate, and into those banks which may have been involved. The investigation could lead to civil enforcement action related to breaches of antitrust and fraud laws ... READ MORE

Released by ICSA Governance & Compliance - 26 October 2012