Regulators are focusing on at least four of Europe’s biggest banks as they investigate the attempted manipulation of the region’s benchmark interest rate, Euribor. They suspect Barclays traders were the ringleaders of a circle that included Crédit Agricole, HSBC, Deutsche Bank and Société Générale.

Evidence of links between traders at those banks and Barclays’ former euroswaps trader Philippe Moryoussef is under scrutiny. Barclays paid a £290 million fine to settle investigations in the US and UK into its involvement in the attempted manipulation of the Libor rate and its European equivalent, Euribor. – Copyright The Financial Times Limited 2012