Italian Police Raid Barclays Over Rate-Fixing

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Sky News

1:20am UK, Tuesday 31 July 2012


Police take documents from Barclays in Milan, as they investigate possible rate-fixing of the euro version of Libor.

Barclays' Bob Diamond and Marcus Agius

Marcus Agius (l) quit alongside CEO Bob Diamond (c)

Italian police have taken documents from a Barclays office in Milan as part of a probe into possible Euribor rate manipulation, according to Reuters.

It said the raid occurred as regulators investigated fixing fears of the eurozone equivalent of the scandal-hit, London-based Libor inter-bank lending rate.

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