© 2025 WFAE

Mailing Address:
WFAE 90.7
P.O. Box 896890
Charlotte, NC 28289-6890
Tax ID: 56-1803808
90.7 Charlotte 93.7 Southern Pines 90.3 Hickory 106.1 Laurinburg
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations
WFAE's HD signals are impaired. Learn more.

7 Banks Subpoenaed In Libor Investigation

RENEE MONTAGNE, HOST:

NPR's business news starts with a subpoena.

(SOUNDBITE OF MUSIC)

MONTAGNE: Seven banks have now been subpoenaed in an investigation involving LIBOR, that's the London Interbank Offered Rate, or the rate at which banks lend money to one another. Earlier this summer, Barclays was fined by U.S. and U.K. officials to settle charges of manipulating that rate. The latest subpoenas come in a probe by state regulators in New York and Connecticut. Bloomberg reports that investigation includes JPMorgan Chase, Citigroup and HSBC. Transcript provided by NPR, Copyright NPR.

Tags
Morning Edition