Citi Discloses Singapore Investigation Into Libor Rigging

Law360, New York (November 6, 2012, 5:26 PM EST) -- Citigroup Inc. on Tuesday disclosed that it’s under investigation by multiple states as well as regulators in Singapore over possible Libor manipulation, adding significantly to the Wall Street giant’s legal woes involving alleged interest rate rigging.

In a quarterly report, Citi said subsidiaries have received requests for “information and documents from various domestic and overseas regulators and enforcement agencies,” including a consortium of state attorneys general and the Monetary Authority of Singapore, the southeast Asian nation’s central bank.

“Citigroup continues to cooperate with the inquiries and...
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