Libor Accords Leave Banks Facing 'Massive' State Claims

Reblogged from THE INTERNET POST:

06 Feb 2013 A multistate probe of alleged manipulation of interest rates threatens to leave banks liable for billions of dollars in estimated state and local losses from the scandal, even as they settle with national regulators. New York Attorney General Eric Schneiderman is helping lead a probe into claims that banks rigged global benchmarks for borrowing, adding to investigations by other authorities, including the U.S.

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