Saturday June 30, 2012
Citibank says not under probe
KUALA LUMPUR: More global banks are being investigated for alleged financial market manipulation after Barclays was fined US$453mil, but Citibank has clarified that it is not one of them.
“Citi has confirmed with UK government officials that it is not under investigation in the UK for Libor-related issues,” Citibank Bhd said in a statement yesterday. Among the global banks said to be under investigation are Britain's HSBC and Royal Bank of Scotland. Bernama