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Bank of England's role in rigging money market auctions under probe

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A criminal investigation will cast a heavy shadow over the central bank, whose governor has sought to make transparency and reform a priority.

London

THE Serious Fraud Office, the British agency that investigates and prosecutes fraud and corruption, is investigating whether the Bank of England played any role in rigging money market auctions during the financial crisis in 2007 and 2008.

Both institutions confirmed the