Libor legal proceedings to stretch for years

barclays-canary-wharf — Barclays was the first bank to be fined by regulators for Libor manipulation, in June 2012

Paige Long
05 Sep 2014

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The expansive probe into Libor manipulation is set to continue for a few years yet, as complex investigations into the rigging remain drawn out.

"The scandal has got a lot of life in it yet," says David Corker, partner at London law firm Corker Binning. "In fact, we could be receiving our pensions by the time it's all over."

To date, US and UK regulators have penalised seven banks and brokers, including Barclays, UBS and Lloyds, though a number of other banks remain in the firing line.

Meanwhile

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