Royal Bank of Canada subpoenaed in LIBOR probeSubmitted by Bob-45 on Tue, 10/30/2012 - 22:24
The Canadian Press
Posted: Oct 26, 2012 10:40 AM ET
Last Updated: Oct 26, 2012 1:33 PM ET
There are reports that Royal Bank of Canada has been served with a subpoena from U.S. state officials as part of their probe into the possible manipulation of a key benchmark used to set interest rates.
The Wall Street Journal and other business publication report the subpoenas were issued to nine banks, including RBC, in August and September, according to an unidentified person familiar with the investigation.
That brings to 16 the number of banks served with subpoenas, including seven that had become public earlier.