Canada looks into JPMorgan, Citi, other firms over yen LIBOR

02/15/2012 | Bloomberg

Canada's Competition Bureau is investigating whether a group of firms, including JPMorgan Chase, Citigroup, ICAP and HSBC Holdings, might have conspired to manipulate prices on derivatives linked to the yen London Interbank Offered Rate. The investigation was prompted by comments from a "cooperating party," which said the financial institutions agreed to make submissions for yen LIBOR either artificially high or low.

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