In announcing new criminal charges today in an investigation into the manipulation of global benchmark interest rates, a senior U.S. Department of Justice lawyer said prosecutors continue to investigate "a number of financial institutions" worldwide.
"We're not done," Mythili Raman, acting assistant attorney general for the Criminal Division, said at a briefing this morning in Washington. U.S. Attorney General Eric Holder Jr. today called the Libor investigation a "major priority" for the Justice Department and other regulatory and law enforcement agencies.
The Justice Department announced criminal charges against three former brokers at London-based brokerage firm ICAP PLC. The brokers were accused of scheming with a senior trader at UBS AG to spread false information to banks involved in the setting of the London interbank offered rate, or Libor.