Regulators in Europe, US and Asia investigating financial institutions

Regulators in the United States, Europe and Asia are scanning a number of key financial institutions for manipulating Inter-Bank Lending rates. In this context, Barclays Bank was fined $ 452 million which is the first company to admit such fault. Regulators in the US, Europe and Asia are looking into other major names including City Group, JPMorgan and Deutsche Bank. British Banks, HSBC and Royal Bank of Scotland are also under scanner.

Month: Current Affairs - June, 2012