UBS, BNP, RBS get subpoenas in US Treasuries probe

US federal prosecutors subpoenaed several banks last month as part of a criminal investigation into possible manipulation of the US Treasuries market, Bloomberg reported on Monday. The banks include UBS Group AG, BNP Paribas SA and Royal Bank of Scotland Plc, Bloomberg reported, citing people familiar with the matter.

A series of class action lawsuits have accused various banks and brokerages of conspiring to manipulate US Treasury auctions. The lawsuits have alleged that the banks colluded to manipulate Treasury Department.

This article is no longer available in our repository.

There could be multiple reasons for this.