THE prospect of criminal prosecutions in the Libor rate-fixing scandal was raised last night after the Serious Fraud Office announced it was launching an investigation.
At the end of an explosive week of high-profile resignations and fierce political debate, David Green, QC, the SFO's director, formally set his department's sights on the banking controversy.
The move came as reports emerged that Germany's markets regulator had launched a probe into Deutsche Bank over suspected manipulation of interbank lending rates, joining authorities around the globe investigating the world's largest banks.
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