Citing government officials close to the case who spoke on condition of anonymity, the newspaper said traders at Barclays were among the individuals against whom Justice was building cases.
Authorities expect to file charges against at least one bank later this year, the newspaper reported.
Meanwhile, Barclays plans to pull out of the rate-setting panel for interbank lending in the United Arab Emirates because of its involvement in the Libor scandal in Britain, three industry sources told Reuters on Sunday.
And Deutsche Bank may escape with a lighter penalty than other banks in Europe if investigators impose fines in the wake of the scandal by attaining witness status, two sources familiar with the bank told Reuters on Sunday.
Vikram Pandit, chief executive of Citigroup, rejected the UK proposals to introduce regulations that separate the operations of large banks while at the same time outlining the changes in culture the banks should adopt in the wake of the Libor scandal.
His comments to the UK’s Sunday Telegraph newspaper are, however, unlikely to bear much weight with lawmakers who were already reviewing legislation designed to separate retail banking operations from investment operations, given the likely scale of the Libor scandal.Page 2 of 4 | Prev Page | Next Page