U.S. Markets closed

Nine additional banks subpoenaed in Libor probe, WSJ reports

Another nine banks received subpoenas in relation to an investigation into alleged widespread interest-rate manipulation by banks, sources say, reports the Wall Street Journal. The probe is a joint effort by the offices of New York Attorney General Eric Schneiderman and Connecticut Attorney General George Jepsen, and could lead to civil enforcement action related to breaches of antitrust and fraud laws. The nine banks that received subpoenas in August and September were: Bank of America (BAC), Bank of Tokyo Mitsubishi UFJ, Credit Suisse Group (CS), Lloyds Banking Group (LYG), Rabobank Groep NV, Royal Bank of Canada (RY), Societe Generale (SCGLY), Norinchukin Bank and West LB AG, sources say.