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Libor Probe Marks Financial Fraud Focus for Washington FBI Team

The FBI’s Washington field office, long known for its work on terrorism and public corruption, has taken a central role in the U.S. probe of the manipulation of interest rates that has entangled banks around the world.

The office is conducting the U.S. investigation into the rigging of benchmarks including the London Interbank Offered Rate, and its work up to this point has led in part to two international resolutions, including the $1.5 billion settlement with UBS AG in December and charges against two of the bank’s former traders.