While the Libor scandal has grabbed much of the attention, the EU is reportedly poised to accuse...

|By:, SA News Editor

While the Libor scandal has grabbed much of the attention, the EU is reportedly poised to accuse multiple banks of trying to rig Euribor, a sin that Barclays has already admitted to. A dozen banks or more are being scrutinized, with at least four of them under investigation for colluding with Barclays. UBS (UBS) is nearing a deal to settle allegations that it tried to rig rates, including Euribor.