Tags: Italy | Foreign | Banks | probe

Sources: Italy Prosecutors in Trani Probing Five Foreign Banks

Monday, 04 Feb 2013 10:40 AM

 

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Italian prosecutors in the town of Trani are investigating five foreign banks for possible manipulation of Euribor, the euro-priced counterpart of scandal-hit Libor bank-to-bank lending rates, court sources said on Monday.

The banks are Deutsche Bank, Barclays, Royal Bank of Scotland, HSBC and Societe Generale, the court sources said.

The probe was opened in July after complaints from consumer groups.

It was not immediately possible to reach the banks for comment.

© 2014 Thomson/Reuters. All rights reserved.

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