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 exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
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