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| Share Price: 320.35 | Bid: 320.20 | Ask: 320.35 | Change: -13.50 (-4.04%) |  | ||||||
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UK fraudbuster agrees to probe Libor affair
Fri, 6th Jul 2012 14:26
LONDON, July 6 (Reuters) - Britain's fraud-busting agency on Friday said it had agreed to inve
'The SFO Director David Green QC has today decided formally to accept the Libor matter for investigation,' the Serious Fraud Office said in a brief statement.
The SFO said Monday it would decide within a month whether to press criminal charges over the Libor affair, amid concerns banks understated their borrowing costs to make it appear they were in better financial health than they were.
(Reporting by Myles Neligan; editing by Steve Slater) Keywords: SFO LIBOR/
(myles.neligan@thomsonreuters.com; +44 207 542 13 73;)
COPYRIGHT
Copyright Thomson Reuters 2012. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
LONDON, July 6 (Reuters) - Britain's fraud-busting agency on Friday said it had agreed to inve
stigate the Libor interest rate-rigging scandal, which on Tuesday led to the departure of Barclays chief executive Bob Diamond.
'The SFO Director David Green QC has today decided formally to accept the Libor matter for investigation,' the Serious Fraud Office said in a brief statement.
The SFO said Monday it would decide within a month whether to press criminal charges over the Libor affair, amid concerns banks understated their borrowing costs to make it appear they were in better financial health than they were.
(Reporting by Myles Neligan; editing by Steve Slater) Keywords: SFO LIBOR/
(myles.neligan@thomsonreuters.com; +44 207 542 13 73;)
COPYRIGHT
Copyright Thomson Reuters 2012. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
UPDATE 1-Morgan Stanley fixed-income head deRegt retires
May 22 (Reuters) - Morgan Stanley's head of fixed income, Ken deRegt, is retiring from the firm, according to internal bank memos obtained by Reuters,[Yesterday 23:47]
CORRECTED-Alinta plans $1 bln term loan B debt raising in US - sources
(Corrects in paragraph 11 to show that Pact Group is controlled by Raphael Geminder; it is not owned by New Zealand tycoon Graham Hart)SYDNEY, May 22[Yesterday 22:17]
Building products maker CPG hires banks for $1.5 bln sale-sources
By Soyoung KimNEW YORK, May 22 (Reuters) - Building products maker CPG International is being prepared for a sale by its private equity owner, a deal[Yesterday 22:01]
UPDATE 4-State-backed UK banks gain approval for capital plans
* Regulator finalises capital requirements for RBS, Lloyds* RBS, Lloyds say will not need to issue new equity* Lloyds to raise 500 mln stg from St.Jam[Yesterday 17:07]
Update-Moody's ABCP rating actions ending May 20, 2013
ABCP programs[Yesterday 13:11]
Russian banker has his eye on Europe
* Igor Kim has bought up Russian units of foreign banks* Expobank is already present in Latvia* Now focused on corporate lending but is open to new id[Yesterday 06:32]
Kazakh bank BTA to sell fugitive ex-chairman's luxury UK homes
By Kirstin RidleyLONDON, May 21 (Reuters) - Creditors in a Kazakh bank are poised to see the first proceeds from a four-year court battle against its[Tue 16:01]
Update-Moody's No rating impact on Series 2007-1G WST Trust from extension of Conditional Purchase Commitment Period
Series 2007-1G WST Trust.[Tue 07:29]
