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Archive for August 15, 2012
AP source: 7 banks subpoenaed over rate-fixing – Businessweek
ALBANY, N.Y. (AP) — A person with knowledge of the matter tells The Associated Press that the attorneys general of New York and Connecticut have issued subpoenas to seven banks over the possible manipulation of an important global interest rate.
The person says subpoenas have been issued to Barclays, Citigroup, Deutsche Bank, JPMorgan Chase, HSBC, Royal Bank of Scotland and UBS.
The person spoke on condition of anonymity because the person was not authorized to discuss the matter publicly.
American and British regulators have already fined Barclays $453 million. The bank has admitted that it submitted false information to keep the rate, known as LIBOR, low.
via AP source: 7 banks subpoenaed over rate-fixing – Businessweek.
Syria tensions spill over border to Lebanon
BEIRUT AP — Armed Shiite clansmen in Lebanon said Wednesday they had captured more than 20 Syrians and will hold them until one of their relatives seized by rebels inside Syria is freed. The tensions were a stark reminder of how easily Syria’s civil war could spill over to neighboring states.
