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JUL 04, 2013 - Yahoo! News

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ICAP executive seen linked to LIBOR scandal: Wall Street Journal

LONDON (Reuters) - A senior executive at British brokerage firm ICAP PLC knew of an arrangement with UBS AG that U.S. and British regulators allege was part of a scheme to manipulate benchmark interest rates, according to the Wall Street Journal, which cited sources familiar with the matter. The executive, David Casterton, was included in some emails sent in 2007 documenting the discussions, in which UBS agreed to make quarterly payments to ICAP for help in rigging the London Interbank Offered Rate, or LIBOR, the paper said on its website on Wednesday. ...

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