- 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.
At least four banks in talks to settle EU probe
Jan 22 2014, 10:54 ET