Banking and Finance

Recent Posts

U.S. Supreme Court: Order Dismissing LIBOR Suit Was Appealable
Posted on 21 Jan 2015 by Bajeerah LaCava

WASHINGTON, D.C. — (Mealey’s) An order dismissing one case alleging manipulation of the U.S. Dollar London Interbank Offered Rate (LIBOR) that had been consolidated with others in a multidistrict litigation triggered the plaintiffs’... Read More

LIBOR-Scandal Litigation: After Federal Court Dismissal, Schwab Pursues State Court Suit
Posted on 1 May 2013 by Kevin M. LaCroix

When Southern District of New York Judge Naomi Reice Buchwald entered her order in the consolidated LIBOR litigation on March 29, 2013, she dismissed the plaintiffs' antitrust and RICO claims against the LIBOR rate-setting banks, and she also... Read More

Rabobank To Pay $1 Billion to Settle Allegations That It Manipulated Libor
Posted on 30 Oct 2013 by Michael J. Lello

WASHINGTON, D.C. — (Mealey’s) Dutch bank Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A. (Rabobank) has agreed to pay more than $1 billion in civil and criminal penalties to settle allegations that it manipulated the London InterBank... Read More

Lloyds to Pay $370M to Settle Libor Manipulation Claims in U.S., U.K.
Posted on 29 Jul 2014 by Timothy Raub

WASHINGTON, D.C. — (Mealey’s) Lloyds Banking Group plc has agreed to pay a total of $370 million to settle claims with U.S. and British agencies alleging that Lloyds violated various laws by manipulating the London Interbank Offered Rate ... Read More

FDIC Files Libor Manipulation Lawsuit for Alleged Harm to Failed Banks
Posted on 17 Mar 2014 by Kevin M. LaCroix

On March 14, 2014, In the latest development in the long-running saga of the Libor scandal , the FDIC in its capacity as receiver of 38 banking institutions that failed between 2008 and 2011, has filed a massive new lawsuit in the Southern District of... Read More