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 yen LIBOR. 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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