JPMorgan Chase & Co., Barclays Plc and UBS AG are among seven banks subpoenaed in New York and Connecticut's investigation into alleged manipulation of Libor, Bloomberg News reported yesterday. Subpoenas were sent in recent weeks to Deutsche Bank AG, Royal Bank of Scotland Group Plc, and HSBC Holdings Plc in addition to Barclays and JPMorgan. Citigroup Inc. and UBS received subpoenas earlier this year as part of the investigation. New York Attorney General Eric Schneiderman and Connecticut Attorney General George Jepsen are jointly investigating alleged manipulation of the London interbank offered rate (Libor) by lenders. RBS, UBS, Lloyds Banking Group Plc and Deutsche Bank are among the lenders regulators in Europe, Asia and the U.S. are investigating.
