Damages From Libor Could Reach Tens of Billions

By: Wednesday September 5, 2012 12:29 pm

Libor has sort of faded into the background as an issue because of the salience of the political campaign, but investors burned by the rate-rigging scandal still see it as a fertile opportunity to collect. That’s probably the extent of the damage that the banks will feel for rigging the benchmark interest rate, but some [...]

Muni Governments Seek Damages in Libor Scandal

By: Wednesday July 11, 2012 10:20 am

Whether or not regulators sanction the major banks in the Libor rate-rigging scandal, plenty of stakeholders plan to sue the banks for restitution. This will be a bit difficult to figure out. Sometimes rates were fixed up, sometimes down. Certain Libor rates, like the 1-month or 3-month rates, were tampered with more than others, like [...]