News Summary: Interest rate fixing probe widens

Published June 28, 2012 9:24pm ET



PROBE WIDENS: British Treasury chief George Osborne said more global banks are being investigated for the alleged financial market manipulation that led to fines of $453 million against Barclays Bank.

INTERNATIONAL SCANDAL: Osborne said Barclays was not the only bank involved. There are investigations in several countries.

LAWSUITS TO COME: The massive fines are unlikely to be the end of the pain for Barclays. It could face lawsuits seeking compensation, one analyst said. Other banks have also been named in suits.