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Court Ruling Doesn't Deter Multistate LIBOR Probe

Last month, U.S. District Judge Naomi Reice Buchwald in Manhattan threw out a "substantial portion" of the proposed lawsuits alleging wrongdoing by banks in connection with the London interbank offered rate, known as the LIBOR. Among the legal actions torpedoed by the judge's ruling...

The LIBOR Scandal: What's Next?

by Evan Sypek The London Interbank Offered Rate (LIBOR) is calculated daily by the British Banking Association (BBA) and published by Thomson Reuters. The rates are calculated by surveying the interbank borrowing costs of a panel of banks and averaging them to create an index of 15 separate LIBOR...