ICAP confirms FSA investigation
Interdealer broker ICAP has confirmed that one of its subsidiaries has become subject to an Financial Services Authority (FSA) investigation, but refused to make any further comment, saying that it is 'confidential'.
Interdealer broker ICAP has confirmed that one of its subsidiaries has become subject to an Financial Services Authority (FSA) investigation, but refused to make any further comment, saying that it is 'confidential'.
The company previously revealed that it had been asked to "provide information to various agencies" investigating the setting of LIBOR and said Thursday the investigation is part of this.
The news prompted the share price to fall more than four per cent in early afternoon trading.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
NR
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
-
8 of the best houses for sale with annexes
The best houses with annexes – from a period property in the Lake District to a 13th-century house with a two-bedroom annexe in Saltwood, Kent
By Natasha Langan Published
-
Zelenskyy moves to appease Donald Trump – what happens now?
Ukraine’s president Volodymyr Zelenskyy is conceding ground to secure the least-worst deal possible, says Emily Hohler
By Emily Hohler Published