FDIC Sues Banks Over Libor

hurley11-150x150Wall Street Journal (subscription required)
Cornelius Hurley, School of Law, Center for Finance, Law & Policy

The Federal Deposit Insurance Corp. filed a lawsuit against large banks for their alleged role in manipulating a global benchmark used to determine interest rates on everything from home loans to corporate debt…

Expert quote:

“I’m not aware of that being alleged before. I don’t think you’ll find another instance.”

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