Barclays, RBS Targeted By US In Libor-Fixing Probe

Law360, New York (March 9, 2012, 3:56 PM EST) -- Barclays PLC and Royal Bank of Scotland Group PLC acknowledged Friday that U.S. regulators are investigating them over alleged manipulation of the London Interbank Offered Rate, and a letter made public confirmed that regulators were conducting a related criminal probe.

In its annual report issued Friday, RBS said it has received requests from the U.S. Department of Justice, the U.S. Commodity Futures Trading Commission and regulators in Europe and Asia for documents and communications related to the process and procedures for setting Libor, an interest rate charged...
To view the full article, register now.