BANKTHINK

Libor-Rigging Set Interest Rates Too Low, Too High and So Low They Were Too High

Wall Street Journal The paper gives a status report on the more than 30 private civil suits against 16 large banks over Libor manipulation. Combined with the regulatory fines, these suits could cost the industry tens of billions in the coming years, a law professor says. Interestingly, while some plaintiffs claim lenders were harmed because borrowers paid too little interest as a result of Libor-rigging, others argue borrowers were harmed because they paid too much. And…

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