At least four banks in talks to settle EU probe

JPMorgan (JPM), UBS, Credit Suisse (CS), and RBS are among the lenders (a fifth may be involved as well) looking to settle a EU probe into rate-fixing in the Swiss franc Libor rate, reports Bloomberg.

The investigation into Swiss Libor comes alongside probes in Euribor and yen Libor in which settlements have already been reached. Sources say any fines in the Swiss investigation will be smaller than the other two due to the size of the market.

Look for deals to be inked by the end of July.

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs