Analysts say penalties could dwarf the record £290m fine for Barclays
HSBC, RBS and Lloyds have all also been named in lawsuits
Regulators in Japan and Canada are also conducting investigations
The manipulation of Libor by Barclays is likely to be the ‘tip of the iceberg’ in terms of fraudulent activities by banks, according to a former head of the U.S. securities regulator.
American regulators have issued subpoenas to banks including UBS, Citigroup, and Bank of America regarding how Libor rates are calculated.
Barclays scandal: How Libor affects mortgages and savings rates - and is customer compensation likely? | This is Money
No comments:
Post a Comment