According to the WSJ prosecutors in New York and Connecticut are investigating
whether their states incurred losses as a result of interest-rate manipulation
by banks, a probe that could lead to a wider multistate enforcement action,
according to New York officials.
The joint probe by New York Attorney General Eric
Schneiderman and Connecticut Attorney General George Jepsen could lead to civil
enforcement action, including possible breaches of antitrust and fraud laws,
the officials said.
The state investigations add to the potential legal and
financial burden on the 14 or more banks ensnared in an escalating scandal
related to manipulation of the London interbank offered ...
Read more at http://online.wsj.com/article/SB10001424052702303612804577528882291676706.html?mod=WSJ_MIDDLENexttoWhatsNewsSecond
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