Libor manipulation lawsuits hit banks

Libor in a fix?

ubs-ny-offces
UBS: one of a number of banks targeted by Libor probe

The banker is angry. He raises his voice, waves his hands in the air and – at one point – slaps the desk in front of him. “I know for a fact it wasn’t real – Libor wasn’t real in 2007 and 2008. I know for a fact that some banks were putting in artificially low rates. I still find it hard to believe someone would deliberately do that, but if they did, that person shouldn’t work in banking,” he says.

For something that sounds so mundane, Libor – a daily average of the borrowing rates for a panel of

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: