FSA Says Barclays Not Alone as Prosecutors Weigh Libor Probe
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The U.K. finance regulator has “a number of investigations concerning Libor” beyond the case that resulted in a record fine levied against Barclays Plc last week, the agency’s acting head of enforcement said.
Barclays put “the interest of the bank and its traders” ahead of customers, Tracey McDermott said in a speech today. Separately, U.K. fraud prosecutors said they would decide whether to open a criminal probe into attempts to manipulate the rates “within a month.”