Wednesday, August 1, 2012

Italian Police Raid Barclays Over Rate-Fixing

'Italian police have taken documents from a Barclays office in Milan as part of a probe into possible Euribor rate manipulation, according to Reuters.

It said the raid occurred as regulators investigated fixing fears of the eurozone equivalent of the scandal-hit, London-based Libor inter-bank lending rate. The search was ordered by prosecutors in the southern city of Trani, who have opened a criminal probe into the possible manipulation of the Euribor rate.'

Read more: Italian Police Raid Barclays Over Rate-Fixing