Libor legal proceedings to stretch for years
Lengthy regulatory and criminal proceedings mean that the Libor scandal is not likely to disappear from the headlines any time soon
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
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