2012-07-18nytimes.com

Mr. King said the correspondence with Mr. Geithner, who is now the United States Treasury secretary, did not represent a warning about potential illegal activity related to Libor.

"At no stage did he or anyone else at the New York Fed raise any concerns with the Bank that they had seen any wrongdoing," Mr. King told the parliamentary committee on Tuesday. "There was no suggestion of fraudulent behavior."



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