Six Banks Negotiating Settlement in Swiss Libor Probe
- Swiss regulator: `We won't go for a settlement at any price'
- Settlement would resolve one of few remaining Libor probes
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At least six banks targeted in Switzerland’s investigation into Libor-rigging are in settlement talks with the country’s competition regulator, according to two people familiar with the negotiations, as the four-year probe moves closer to wrapping up.
Comco, as the Swiss Competition Commission is known locally, is trying to reach a so-called “accord amiable” with the banks as it aims to complete the probe by July, one of the people said. They asked not to be identified because the negotiations are continuing.