Barclays Subject Of Libor Probe (BCS)

Barclays PLC BCS is reportedly the subject of a probe into potential manipulation of the London interbank offered rate, or LIBOR. Regulators have supposedly investigating into whether Barclays and other banks tried to change the LIBOR rate by underestimating their actual borrowing costs. The story was originally reported in the Financial Times and the Wall Street Journal. At last check, shares of Barclays were off 22 cents to $18.87, a loss of 1.2%.