UBS, BNP, RBS Get Subpoenas in U.S. Treasuries Probe
- U.S. also said to send subpoenas in April to RBS, BNP Paribas
- When-issued securities are subject of two-year-old inquiry
UBS, BNP, RBS Said to Get Subpoenas in Treasuries Probe
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Federal prosecutors have subpoenaed several banks as part of a criminal investigation into possible manipulation of the U.S. Treasuries market, according to people familiar with the matter.
UBS Group AG, BNP Paribas SA and the Royal Bank of Scotland Group Plc received subpoenas last month seeking information on the $14 trillion market, the people said. New York-based Morgan Stanley has also received a subpoena, one person said.