Seven banks subpoenaed in US Libor probe08-15-2012ostatnia aktualizacja 08-15-2012, 20:48
Seven banks have been subpoenaed in the United States in the investigation into rigging the Libor benchmark interest rate, a source close to the case told AFP Wednesday.
New York authorities subpoenaed UBS, Deutsche Bank, Royal Bank of Scotland, JP Morgan, Citigroup, HSBC and Barclays Bank in their probe into fixing the key London-centered interest rate, used as a reference by banks, businesses and private borrowers worldwide, they said.
The subpoenas were sent between May and July, according to the source.
The authorities have requested documents but have not interviewed any bank officials in the case.
New York, Connecticut and other states are looking whether they or any of their citizens incurred losses due to the attempted manipulation of Libor and Euribor interbank rates between 2005 and 2009.
The Libor scandal erupted in June when Barclays bank was fined 290 million pounds ($452 million) by British and US regulators trying to artificially skew the rate during the stress of the financial crisis.
Barclays was the first bank to be fined as part of a global probe into suspected manipulation of the twin interest rates that are crucial to the operation of short-term financing and global markets.
In July US Federal Reserve Chairman Ben Bernanke said that the revelations about how banks had skewed the Libor rate were "very troubling" and undermined confidence in the financial system.
"Libor is a critical benchmark to many financial contracts," Bernanke told a panel in Congress.
"The actions of traders and banks that have been disclosed are not only very troubling in themselves, but they have the effect of undermining markets."
Â©Â Copyright AFP Agence France-Presse GmbH - All rights reserved. This material may not be published, broadcast, rewritten or distributed. All reproduction or redistribution is expressly forbidden without the prior written agreement of AFP.
Nie ma jeszcze żadnych komentarzy...
U.S. NEWS - Wiadomości z USA
- Waszyngtońska premiera filmu "Out of Many, One..", w rocznicę urodzin Jana Pawla II, z udziałem Nuncjusza Apostolskiego w USA, Arcybiskupa Carlo Maria Vigano»
- Wizyta Dyrektorów Politycznych Czech, Polski, Słowacji i Węgier w Waszyngtonie»
- U.S. Holocaust Memorial Museum seeks testimonies from Polish survivors of WW2»
- Jak to jest z tym Guantanamo...?»
- "The New York Times" o lobbingu Polskiej Ambasady w Waszyngtonie w sprawie Visa Waiver Program.»
- New York's Kosciuszko Bridge to See Big Changes on 75th Anniversary»
- Promocja turystyki Polski, Czech, Słowacji i Węgier w Nowym Jorku»
- Second American Paderewski Piano Competition in Los Angeles open to pianists of any nationality between ages 16 and 32»
- Wiceprezydent USA Joe Biden o polskiej odwadze i walce o demokrację na spotkaniu z ambasadorem RP»
- One-day symposium: "Founding Culture The Experience Of Central Europe and The USA"»
- Democracy is Controversy plus Solidarity. In the Absence of Krzysztof Michalski who founded the Institute for Human Sciences in Vienna»
- Turn It Off - Clear the Air Stop Idling»
- Jurry Zieliński w Galerii Oko w Nowym Jorku»
- United States Holocaust Memorial Museum in Washington, DC honors Wladyslaw Bartoszewski»
- Marcin Korolec spotkał się z Sekretarzem Generalnym ONZ Ban Ki-moon'em w Nowym Jorku»
- Poland at Bookexpo America at the Javits Center in New York with crime novelist Marek Krajewski»
- Polish-American Conference on Science and Technology held in Washington, DC.»
- Polish Filmmakers NYC at the Tribeca Film Center. Film Political Dress»
- Studenckie Międzywydziałowe Koło Naukowe SAE podbiło zawody Aero Design 2013 w Californii.»
- Burmistrz Chicago Rahm Emanuel uczestniczyl w otwarciu wystawy o powstaniu w Getcie Warszawskim w 70. rocznicę jego wybuchu w Ratuszu Chicago»