RBS and Lloyds among 12 banks in LIBOR probe

Natalie Kenway

RBS and Lloyds, the two UK tax-payer backed banks, are among a dozen financial groups being investigated for manipulating the LIBOR rate, which resulted in a record £290m regulator fine for Barclays, it was revealed yesterday.

HSBC, Citigroup, J.P. Morgan, Deutsche Bank, UBS and the inter-dealer broker ICAP are also reported to be under investigation by regulators across the world. UBS has already secured partial immunity...

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