UK Regulators Take Aim At ICAP In Libor Probe

Law360, Wilmington (January 24, 2013, 7:06 PM EST) -- Leading interdealer broker ICAP PLC acknowledged Thursday that it is the target of a U.K. regulatory probe into manipulation of the London Interbank Offered Rate, joining a host of major banks already ensnared in the investigation.

In response to a report in the Financial Times, London-based ICAP said in a statement that one of its subsidiaries has been notified by the U.K. Financial Services Authority that it is the subject of an investigation.

"The investigation is confidential; accordingly, no further comment will be made at this...
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