Italy prosecutors in Trani probing five foreign banks: sources
BARI (Reuters) - Italian prosecutors in the town of Trani are investigating five foreign banks for possible manipulation of Euribor, the euro-priced counterpart of scandal-hit Libor bank-to-bank lending rates, court sources said on Monday.
The banks are Deutsche Bank (DBKGn.DE), Barclays (BARC.L), Royal Bank of Scotland (RBS.L), HSBC and Societe Generale (SOGN.PA), the court sources said.
The probe was opened in July after complaints from consumer groups.
It was not immediately possible to reach the banks for comment.
(Reporting by Vincenzo Damiani, writing by Jennifer Clark, editing by Francesca Landini)
DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.