FDIC Sues Major Banks For Alleged Libor RiggingMani
The recent lawsuit from the FDIC is the latest skirmish in a global investigation into Libor, which is used in setting rates on $800 trillion of loans and securities.
The Federal Deposit Insurance Corporation said the defendants’ conduct caused substantial losses to 38 banks that the U.S. regulator had taken into receivership since 2008.
Libor, or the London Interbank Offered Rate, is a Sign up here
If you are subscribed and having an account error please clear cache and cookies if that does not work email email@example.com or click chat