US Conducting Criminal Libor-Fixing Probe, DOJ Says

Law360, New York (March 7, 2012, 12:39 PM EST) -- U.S. regulators are conducting a broad criminal probe over whether major banks manipulated the London Interbank Offered Rate and other benchmark interest rates, according to a U.S. Department of Justice letter filed in New York federal court and made public Tuesday.

The revelation was contained in a Feb. 27 letter from DOJ attorneys to U.S. District Judge Naomi Reice Buchwald, who is overseeing a slew of antitrust class actions accusing more than a dozen large international banks of manipulating and driving down the Libor, an interest...
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