Two U. S. states probing banks over Libor manipulation
NEW YORK (Reuters) – New York Attorney General Eric Schneiderman has launched a probe into possible manipulation of the Libor benchmark international lending rates by global banks, his spokesman said on Sunday. Schneiderman, along with Connecticut’s Attorney General George Jepsen started the investigation six months ago into the possible rigging of Libor, the London interbank offered rate, New York Attorney General spokesman James Freedland told Reuters. Libor is compiled from estimates by big banks of how much they believe they have to pay to borrow from each other. . . .
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