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Economy

Demeter

(85,373 posts)

10. Paris prosecutors open Libor inquiry

Reply to Demeter (Reply #8)

Tue Oct 30, 2012, 09:47 PM

Oct 2012

http://www.reuters.com/article/2012/10/29/france-libor-idUSL5E8LTCU420121029

Paris prosecutors said on Monday they had opened a preliminary investigation into whether banks in France were involved in rigging benchmark interest rates.

It follows similar Libor-related probes in Britain and the United States.

The investigation was opened at the end of September, the prosecutors' office said...The Paris investigation followed a complaint filed at the end of July by a SocGen shareholder. That complaint cites not only SocGen but a host of global banks that operate in France.

BETTER LATE THAN NEVER

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