Regulators prepare to question bank employees about Libor

03/24/2011 | Bloomberg

Regulators asked Deutsche Bank, JPMorgan Chase, Citigroup and Bank of America to make sure that employees will testify in an investigation into possible manipulation of the London Interbank Offered Rate, sources said. Bank representatives were asked to appear before the U.K. Financial Services Authority next month. Regulators worldwide are looking into whether banks that set Libor worked together to drive down the rate.

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