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Seven banks face Libor probe

Seven banks face Libor probe
Barclays and RBS are among seven banks to be questioned in the United States over the alleged manipulation of the Libor rate.

In the latest probe into the inter-bank lending rate, New York attorney general Eric Schneiderman has issued subpoenas to seven of the world's biggest banks, including HSBC, Citigroup, JPMorgan, UBS and Deutsche Bank.

Mr Schneiderman’s demands for documents is part of a two-state probe he has launched with Connecticut’s attorney general, George Jepsen.

Their investigation follows Barclays' record £290m fine by UK and US regulators for rigging Libor.

Green Box: Seven banks face Libor probeClick to open

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