[ by Larry Goldfarb ]

New York State Attorney General continues to subpoena banks in a multistate investigation of alleged manipulation of Libor, according to a person familiar with the matter. Societe Generale SA (GLE), Royal Bank of Canada, and Bank of America Corp. Credit Suisse Group AG (CS), Bank of Tokyo Mitsubishi UFJ Ltd., Norinchukin Bank, Rabobank, Lloyd’s Banking Group Plc, and West LB AG, a German lender that ceased operations represent the the banks being subpoenaed.

The probe is now “a large, well-coordinated multistate investigation that includes attorneys general throughout the U.S.,” Jaclyn Falkowski, a spokeswoman for the Connecticut attorney general, said today in an e-mailed statement. “A primary focus of the multistate investigation is to identify whether state and municipal issuers with financial instruments pegged to Libor and other benchmark interest rates have been harmed by the alleged conduct and, if so, to seek recovery of those taxpayer funds,” Falkowski said, declining further comment.

For further details, go to:   [ Bloomberg, 10/26/12 ].