Global bank investigation
(Las Vegas, NV)- One reason for the stock plummet today, the investigation of four more global banks for their alleged market manipulation. Citigroup in the U.S., Switzerland's UBS and Britain's HSBC and Royal Bank of Scotland join Barclays as part of the investigation. Lawmakers allege the banks provided false figures on key interest rates upon which mortgages and consumer loans are priced. Yesterday fines adding up to more than 450 million dollars were filed against Barclays.
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