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UK: Barclays and Deutsche Bank in further rate-rigging probe

By  |  March 9, 2015

Britain’s Serious Fraud Office is calling former traders of Barclays and Deutsche Bank for interviews as part of its investigation of whether the Euribor benchmark interest rate was rigged, the FT reported.

With the help of special government funding, the Serious Fraud Office is examining if the euro interbank offered rate, Euribor, was manipulated for individual trading benefit, the newspaper said.

UK regulators are also investigating traders from other banks. Barclays, Deutsche and a few other banks and brokerages were fined about $6 billion by U.S. and European regulators last year for alleged Libor.

 

Full Content: The Financial Times

 

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