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Rate rigging probe escalates in UK and Germany
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Jul 6, 2012
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<p><a href="http://news.yahoo.com/ratings-agencies-cut-outlook-barclays-034447288--finance.html"><img src="http://l3.yimg.com/bt/api/res/1.2/UKDxtuKq_hfPp__xWA0lAg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2012-07-06T215043Z_5_CBRE864106W00_RTROPTP_2_BARCLAYS.JPG" width="130" height="86" alt="Barclays bank former Chief Executive Bob Diamond leaves after giving evidence to the Treasury select committee in Westminster, London" align="left" title="Barclays bank former Chief Executive Bob Diamond leaves after giving evidence to the Treasury select committee in Westminster, London" border="0" /></a>LONDON/FRANKFURT (Reuters) - A global investigation into manipulation of interbank lending rates widened on Friday with Britain's fraud squad taking up the case and sources telling Reuters that Germany's markets regulator had launched a probe into Deutsche Bank. Authorities in the United States, Europe, Japan and Canada are examining more than a dozen big banks over suspected rigging of the London Interbank Offered Rate (Libor). Britain's Barclays has so far been the only bank to admit wrongdoing, agreeing last week to pay a fine of more than $450 million. ...</p><br clear="all"/>
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