Tag Archives: bank fraud

Banksters get off the hook for Libor scandal

The world’s biggest banks won a major victory on Friday when a judge dismissed a “substantial portion” of the claims in private lawsuits accusing them of rigging global benchmark interest rates. http://www.nytimes.com/2013/03/30/business/global/judge-rejects-much-of-libor-lawsuit-against-banks.html?hp The banks had been accused of conspiring to manipulate Libor, a benchmark at the heart of more than $550 trillion in financial products. […]