Attorneys general in at least three states are conducting investigations tied to alleged manipulation of the London interbank offered rate, adding to probes by U.S. and U.K. authorities, Bloomberg News reported yesterday. New York Attorney General Eric Schneiderman and George Jepsen in Connecticut are working together, according to both offices. In Massachusetts, Attorney General Martha Coakley is also investigating, according to her office. Barclays Plc, Britain’s second-biggest bank by assets, last month was fined 290 million pounds ($453 million) for submitting false rates for Libor, a benchmark interest rate for financial products valued at $360 trillion. Royal Bank of Scotland Group Plc, UBS AG, Lloyds Banking Group Plc and Deutsche Bank AG are among lenders facing inquiries over alleged rigging of Libor.
