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4 banking giants 'under spotlight' in Libor scandal

"Financial Times" reported on Thursday that regulators are investigating the Credit Agricole, HSBC, Deutsche Bank and Societe Generale Bank in the London Interbank Offered manipulation scandal, claiming that the British bank Barclays boss.
"Financial Times, citing people familiar with the probe, said regulators are studying the evidence for a link between all four banks and Barclays Bank trader Philip Moryoussef traders.
U.S. futures regulatory institution Commodity Futures Trading Commission recently accused unnamed businessman "well-planned efforts to make the trading strategies in multiple bank dealers.
Traders, business publications, this is the first euroswaps providers Moryoussef.
The Financial Services Authority (FSA) is investigating seven institutions in the scandal, a senior official told lawmakers Monday.
To participate in the "Bank of England not only probe 特蕾西麦克 Dermot."
Barclays later admitted that attempts to manipulate the LIBOR and EURIBOR interest rates is liable to a fine of ? 290 million U.S. dollars between 2005 and 2009.
LIBOR (London Interbank Offered Rate) is the flagship London as an instrument of interests around the world benchmark, while the EURIBOR is the euro area is equivalent to.
Rate played a key role in the global market, banks, businesses and individuals to pay to borrow money.



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