Now 16 Banks Subpoenaed in Libor Mess
Bank of America, Credit Suisse drawn into probe
By Matt Cantor, Newser Staff
Add nine more top banks to the list of subpoenas in the Libor scandal: Bank of America, Credit Suisse, Bank of Tokyo Mitsubishi, Lloyds Banking Group, Royal Bank of Canada, Rabobank, Societe Generale, Norinchukin Bank, and West LB were all handed subpoenas in August and September, the Wall Street Journal reports. It’s all part of a probe by the attorneys general of Connecticut and New York into reported fixing of interest rates.