Los Angeles Business Journal

Libor Probe Expands to Bank Traders

Tuesday, July 24, 2012

Several groups of traders are under investigation by regulators around the world for allegedly banding together to rig interest rates, sources tell the Wall Street Journal. Most of the traders under scrutiny are separate from the alleged collusion involving British bank Barclays, which last month paid about $450 million in fines for its role in the scandal to fix the London interbank offered rate, or Libor.