Royal Bank of Canada, Société Géneralé SA and Bank of America Corp. are among nine additional banks that were subpoenaed in New York and Connecticut’s probe of alleged manipulation of Libor, a person familiar with the matter said Thursday.
The subpoenas, issued by New York Attorney General Eric Schneiderman starting in August, bring to 16 the total number of banks that have been subpoenaed in the states’ investigation, said the person, who asked not to be named because there wasn’t authorization to speak publicly.
Schneiderman and Connecticut Attorney General George Jepsen are jointly investigating claims that banks rigged the London interbank offered rate, or Libor, a worldwide benchmark for borrowing. The same person said in August that seven banks were subpoenaed in their investigation, including JPMorgan Chase & Co. and Barclays Plc.
Lawrence Grayson, a spokesman for Charlotte, North Carolina-based Bank of America, declined to comment on the subpoenas. Stephanie Lu, a spokeswoman for Royal Bank of Canada, and Société Géneralé spokesman Jim Galvin didn’t immediately respond to e-mails seeking comment.
Original Article
Source: the star
Author: Bloomberg
The subpoenas, issued by New York Attorney General Eric Schneiderman starting in August, bring to 16 the total number of banks that have been subpoenaed in the states’ investigation, said the person, who asked not to be named because there wasn’t authorization to speak publicly.
Schneiderman and Connecticut Attorney General George Jepsen are jointly investigating claims that banks rigged the London interbank offered rate, or Libor, a worldwide benchmark for borrowing. The same person said in August that seven banks were subpoenaed in their investigation, including JPMorgan Chase & Co. and Barclays Plc.
Lawrence Grayson, a spokesman for Charlotte, North Carolina-based Bank of America, declined to comment on the subpoenas. Stephanie Lu, a spokeswoman for Royal Bank of Canada, and Société Géneralé spokesman Jim Galvin didn’t immediately respond to e-mails seeking comment.
Original Article
Source: the star
Author: Bloomberg
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