Traders Probed for Libor Collusion

Employees of Deutsche, HSBC, Societe Generale and Credit Agricole said under investigation for rigging rate.

Traders at Deutsche Bank AG, HSBC Holdings Plc, Societe Generale SA and Credit Agricole SA are under investigation for interest-rate manipulation in a global probe that led to a record fine for Barclays Plc last month, a person with knowledge of the matter said.

Regulators are examining the possible roles of Michael Zrihen at Credit Agricole, Didier Sander at HSBC and Christian Bittar at Deutsche Bank, said the person, who asked not to be identified because the probe is continuing. Investigators are focusing on their links to Philippe Moryoussef, an ex-trader at Barclays Plc, which was fined $451 million for rigging the euro and London interbank offered rates, the person said.

CFTC Probe

Central bankers will join Bank of England Governor Mervyn King in September to review the future of Libor in September. The Financial Stability Board will consider alternatives to Libor, the benchmark for at least $500 trillion of securities from derivatives to mortgages.

HSBC Shares

Michael Golden, a spokesman for Deutsche Bank, confirmed that Bittar left the bank last year and declined to comment on the investigation. Deutsche Bank has disclosed that it is cooperating with regulators in the U.S. and Europe in the probe.

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