A PYMNTS Company

Twelve banks probed for collusion over Libor/Tibor rates

By  |  June 20, 2012

Comco has opened an investigation into 12 banks to determine whether there was any collusion to manipulate Libor and Tibor. The twelve banks include UBS, Credit Suisse, Bank of Tokyo- Mitsubishi UFJ, Citigroup, Deutsche Bank, HSBC, JP Morgan Chase, Mizuho Financial Group, Rabobank, Royal Bank of Scotland, Société Génerale, and Sumitomo Mitsui.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    Subscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    The probe was opened after Comco received an application for its leniency program.

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Source: Bloomberg

     

    Related content: Libor Litigation and the Role of Screening: The Need for Enhanced Compliance Programs (Rosa Abrantes-Metz, Global Economics Group & NYU Stern Schol of Business)