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News Summary: Banks subpoenaed over rate-fixing

By The Associated Press
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SEEKING INFORMATION: The attorneys general of New York and Connecticut have issued subpoenas to seven banks over the possible manipulation of a global interest rate, a person with knowledge of the matter told The Associated Press.

BARCLAYS FINE: American and British regulators have already fined Barclays, based in Britain, $453 million for submitting false information between 2005 and 2009 to keep the interest rate, known as LIBOR, low.

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