FDIC Sues Major Banks For Alleged Libor Rigging
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. SORRY! This content is exclusively for paying members. If you are subscribed and having an account error please clear cache and cookies if that does not work email [email protected] or click Chat.
Libor rigging
Libor, or the London Interbank Offered Rate, is a
