Law360, New York (July 02, 2012, 7:48 PM ET) -- U.K. and European Union regulators on Monday said they were ratcheting up probes into allegations of price fixing in two key interbank interest rates, with top-ranking British officials increasing their calls for criminal prosecutions to come out of the scandal.
In the wake of Barclays PLC agreeing to pay over $450 million in fines last week to settle rate-rigging allegations, U.K. Chancellor of the Exchequer George Osborne told Parliament on Monday that other banks were under investigation over similar claims that they engaged in fixing Libor...
UK, EU To Widen Probe Into Alleged Rate Rigging By Banks
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