U.S. and U.K. authorities reportedly aim for Libor settlements

10/28/2012 | Financial Times · Telegraph (London), The · Bloomberg Businessweek

Authorities in the U.S. and the U.K. want to quickly reach multinational settlements with one bank and possibly others regarding possible manipulation of the London Interbank Offered Rate and other benchmarks, sources said. Meanwhile, Guardian Care Homes is pressing a claim against Barclays, accusing the bank of manipulating Libor while selling interest-rate derivatives. The U.K. High Court might force Barclays to release e-mails pertaining to Libor. Separately, UBS and Royal Bank of Scotland have suspended some traders in Singapore as regulators investigate Libor manipulation.

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Financial Times · Telegraph (London), The · Bloomberg Businessweek

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