HedgeWorld – More than a dozen current and former employees of several large banks under investigation for allegedly trying to manipulate benchmark interest rates have hired defense lawyers over the past year, according to people familiar with the matter.
The individuals, some whom were employed in either New York or London by Barclays, UBS and Citigroup, have retained lawyers as a federal grand jury in Washington, D.C., gathers evidence for potential criminal charges, these people said.
