American Lawyers Hope to Cash In on LIBOR Rate-Rigging

Written by Gary North on October 18, 2012

As reported widely, a dozen big banks shared information with each other on the LIBOR rate, which is set by banks in London (actually, in the City, a separate legal jurisdiction in the middle of London, where the banks operate). The rigging was illegal. Barclays Bank has paid fines of almost $500 million. The other […]

Continue reading →