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HSBC HSBC Holdings PLC

41.90
0.09 (0.22%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
HSBC Holdings PLC NYSE:HSBC NYSE Depository Receipt
  Price Change % Change Price High Price Low Price Open Price Traded Last Trade
  0.09 0.22% 41.90 41.97 41.63 41.84 1,402,848 22:05:33

Banks in Libor Probe Mull Group Settlement

20/07/2012 3:40am

Dow Jones News


HSBC (NYSE:HSBC)
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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

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