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LIBOR probes heating up

http://www.fiercefinance.com

The investigation into whether banks manipulated LIBOR and TIBOR continues to heat up. The latest: Swiss regulators are looking into evidence that 12 European and Japanese banks conspired to manipulate rates to their advantage. Probes are on-going in several countries, and several suits have been filed, including one by Charles Schwab against 11 top banks. At least one bank, UBS, has cooperated on various aspects of the probe. Article

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