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The analysts estimated regulatory penalties could reduce 2012 earnings per share by anywhere from 2 percent to 33 percent for Bank of America,Citigroup,JPMorgan, CreditSuisse, UBS,DeutscheBank,SocieteGenerale, RoyalBankof Scotland, HSBC and Lloyds Banking Group.
Meanwhile other banking regulators were looking at whether other inter-bank lending rates specifically Eurobor (Euro Interbank Offered Rate) had been manipulated in a similar way to Libor.
German bank supervisor BaFin was the first to start investigations, people close to the investigations told Reuters.
International Monetary Fund (IMF) managing director Christine Lagarde said was far too early to consider expanding the Greek financial bailout or extending its terms, in an exclusive interview with CNBC on Friday.
It is "way premature to discuss extension, to discuss additional financing," Lagarde told CNBC.
She praised the "change in attitude" by the new Greek government toward fulfilling its requirements under the bailout led by the IMF, the European Union and the European Central Bank, but "implementation must happen, more than lip-service."
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