Authorities investigate whether banks manipulated Libor

03/16/2011 | Wall Street Journal, The · Guardian (London), The

U.S., U.K. and Japanese investigators are looking into whether financial institutions manipulated the London Interbank Offered Rate. UBS noted the investigation in its annual report, saying that it thinks "the investigations focus on whether there were improper attempts by UBS, either acting on its own or together with others, to manipulate Libor rates at certain times."

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