JPMorgan, Barclays Get Libor Subpoenas

At least seven banks subpoenaed in New York and Connecticut's investigation of alleged manipulation of benchmark rate.

JPMorgan Chase & Co. and Barclays Plc are among seven banks subpoenaed in New York and Connecticut’s investigation into alleged manipulation of Libor, according to a person familiar with the matter and company filings.

Subpoenas were sent in recent weeks to five of the banks, Deutsche Bank AG, Royal Bank of Scotland Group Plc and HSBC Holdings Plc in addition to JPMorgan and Barclays, the person said yesterday. Citigroup Inc. and UBS AG received subpoenas earlier this year as part of the investigation.

Information Requests

Kathryn Hanes, a spokeswoman for Deutsche Bank, said the lender has received subpoenas and requests for information from some regulators and governmental entities in the U.S. in connection with setting interbank rates and is cooperating.

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