Banks Feel Heat As LIBOR Scandal Lawsuits Loom
August 27, 2012 at 11:33 AM EDT
Banks under investigation for interest-rate manipulation face plenty of problems, including lawsuits potentially worth tens of billions of dollars from those who say they were hurt by artificially low rates. As the Wall Street Journal reports, parties including individual investors, U.S. cities, hedge funds, and institutional investors have been filing lawsuits for months, and the [...]