UK banks face US Libor rate inquiry

Three British banks have been subpoenaed in America over the possible manipulation of an important global interest rate.

UK banks face US Libor rate inquiry

Three British banks have been subpoenaed in America over the possible manipulation of an important global interest rate.

The attorneys general of New York and Connecticut issued the subpoenas to Barclays, HSBC and Royal Bank of Scotland, as well as four other banks - Citigroup, Deutsche Bank, JPMorgan Chase, and UBS - a source said.

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