Swiss regulator quizzes Credit Suisse, UBS on Libor

(Reuters) – Swiss regulator FINMA said it is questioning UBS and Credit Suisse in an investigation over possible Libor interest rate rigging.

“We are actively going after information that will enable us to make a judgment on what has happened,” a FINMA spokesman told Reuters on Monday.

The two banks are not under formal investigation as Swiss banks are legally obliged to cooperate with FINMA, which regulates the country’s banks.

Credit Suisse said on July 16 it did not expect a “material” impact from the regulatory probe.

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