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Seven banks subpoenaed in U.S. Libor probe

NEW YORK — Seven banks have been subpoenaed in the United States in the investigation into rigging the Libor benchmark interest rate, a source close to the case told AFP Wednesday. New York authorities subpoenaed UBS, Deutsche Bank, Royal Bank of Scotland, JP Morgan, Citigroup, HSBC and Barclays Bank in…

Top Dems push for probe of big banks over Libor rate scandal

One of the largest financial scandals in history is playing out right now in London, but most Americans haven’t even heard about it thanks to the story’s near total absence from U.S. television news. But now, a collection of the Democratic Party’s most influential elected officials are pushing for a…