US FDIC Sues 16 of the World’s Largest Banks for Rigging Libor

Credits: Arnob Alam / Flickr The Federal Deposit Insurance Corporation sued 16 of the world’s largest banks on Friday, accusing them of colluding to suppress the London Interbank Offered Rate, known as Libor, Reuters reported. Libor is used to set interest rates on such things as credit cards, student loans and mortgages. View the full […] View the full post at: US FDIC Sues 16 of the World’s Largest Banks for Rigging Libor Related posts: Texas Instruments Sues Three Major Banks Over $524M Debt Major U.S. Banks Involved in Muni Bid-Rigging FDIC Problem Banks List Balloons: What Recovery?