The probe comes after the extensive investigation into the key interbank rates by UK regulators including the Financial Services Authority, which saw the bank being fined GBP290 million for entering falsely low and high lending rates to the group compiling Libor.

And the raid comes after consumer groups Adusbef and Federconsumatori complained that customers may have been negatively affected by Euribor manipulation as it would change their mortgage interest rates.

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Meanwhile, the bank has not been put under formal investigation by the Italian authorities.

Barclays declined to comment on the details surrounding the raid.

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