Friday 26 October 2012

The Libor inquiry isn't over


By Lionel Laurent and Matthias Blamont

PARIS, Oct 26 (Reuters) - Societe Generale, France's second-biggest listed bank, has received a new request for information from U.S. authorities investigating the Libor rate-fixing scandal, a banking source told Reuters on Friday.

SocGen has already said publicly it is cooperating with probes into whether banks manipulated the Libor rate - the benchmark for $300 trillion of contracts and loans across the world - and is conducting its own internal inquiry.

"The request is not a subpoena to appear in a court but a request for more information from U.S. regulators," the source said.

SocGen declined to comment. Chief Executive Frederic Oudea reiterated last month that the bank had not received any allegation or charge linked to the probe.

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