24/04/2014 07:37:30 Free Membership Login

Banks in Libor Probe Mull Group Settlement

Date : 07/19/2012 @ 10:40PM
Source : Dow Jones News
Stock : HSBC Holdings Plc (HSBC)
Quote : 51.35  -0.49 (-0.95%) @ 7:22AM
HSBC Holdings Plc share price Chart

Banks in Libor Probe Mull Group Settlement

HSBC Holdings Plc (NYSE:HSBC)
Historical Stock Chart

2 Years : From Apr 2012 to Apr 2014

Click Here for more HSBC Holdings Plc Charts.

Banks under investigation for possible collusion in a widening interest rate scandal are mulling a group settlement to avoid a Barclays-style backlash from regulators and politicians, Reuters reported late Thursday, citing unnamed sources.

The Reuters report didn't say which banks were banding together. Barclays was the first to admit to manipulating Libor borrowing rates, and was fined over $450 million in total.

The banks being probed include Credit Suisse, Citigroup, JPMorgan and HSBC. They all declined comment, according to the report.

Full story: http://www.reuters.com/article/2012/07/20/us-banking-libor-settlment-idUSBRE86J00 20120720

NYSE and AMEX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

1 site:2 us 140424 07:37