Manipulation of the Libor case storm renewed another four banks surveyed

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Libor manipulation investigation of the case the storm getting up fierce.

According to foreign reports, the U.S. and European financial regulators started investigating whether the Barclays Capital in conjunction with other banks to manipulate Libor and Euribor (euro area interbank offered rate), including the French bank Credit Agricole Crédit Agricole, HSBC Bank (HSBC), Deutsche Bank (Deutsche Bank) and the French bank Societe Generale (of Société Générale,).

A source close to the Libor survey the case of investment banking sources, the current European financial regulatory requirements of the four banks to provide communication between the e-mail in the period 2006-2009 Libor quote and derivatives traders.

The five banks together to manipulate the libor, to determine the basis of the findings. However, with the survey upgrade, Libor is quickly lose the trust of financial markets, the alternatives will emerge.

European financial regulatory investigations of the five banks are joint manipulation the Euribor behavior causes, investigation and evidence collection process from the U.S. Commodity Futures Trading Commission (CFTC), Barclays Capital derivatives trader has repeatedly planning to the other bank traders mail coordination of the Euribor pricing information.

The Libor survey the case of investment banking sources, European and American regulatory authorities will be texting traders locked out before the Euro as Barclays of transaction Philip, (Philippe Moryoussef) collaborative manipulation libor include French agricultural credit the bank, Michael Chak John (Michael Zrihen) Didier Sander (Didier Sander), HSBC and Deutsche Bank Christian Bita Er (Christian Bittar).

Europe and the United States financial regulators have been investigating the suspicious communications between these derivatives trader, "the investment bank pointed out, they were suspected during the 2007 subprime crisis had joined forces to drive down the Euribor, to ensure their own bet on the interest rate of Euribor-OIS narrowed 3-month interest rate swaps to achieve profitability.

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