HSBC Cooperating With Document Requests in Libor Probe
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HSBC Holdings Plc received requests for information from regulators and prosecutors in the U.K., U.S. and European Union as part of an investigation into whether the London Interbank Offered Rate, or Libor, was manipulated.
HSBC, Europe’s largest bank, is cooperating with the probe, the company said in a regulatory filing today. The bank also said it is the subject of separate investigations involving U.S. anti-money laundering laws and mortgage foreclosure practices.