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Libor Lawsuits

Mark Gongloff

Banks Win Big, Though Libor War Is Far From Over

HuffingtonPost.com | Mark Gongloff | Posted 04.01.2013 | Business

Banks have won a major legal battle against Libor lawsuits, though the war is far from over. Late on Friday, a federal judge dismissed Libor lawsui...

HUGE Win For Big Banks

Reuters | Nate Raymond | Posted 03.29.2013 | Business

NEW YORK (Reuters) - A judge on Friday dismissed a "substantial portion" of claims facing a number of banks in a barrage of lawsuits accusing them of ...

Banks Ask Judge To Throw Out Libor Lawsuits

Reuters | Posted 05.06.2013 | Business

By Bernard Vaughan NEW YORK, March 5 (Reuters) - Banks facing a barrage of lawsuits from customers accusing them of interest-rate rigg...

Mark Gongloff

Libor Fraud Cost U.S. Taxpayers Billions: Report

HuffingtonPost.com | Mark Gongloff | Posted 12.20.2012 | Business

Libor manipulation cost Fannie Mae and Freddie Mac more than $3 billion, according to an estimate by a government watchdog, who recommends the governm...

Foreclosure Victim Sues Big Banks Over Libor Manipulation

The Huffington Post | Bonnie Kavoussi | Posted 10.15.2012 | Business

The enormous Libor scandal may have found the face of its victims. Annie Bell Adams, a pensioner who lost her home to foreclosure, and four other ...

Bankers' Rigging Cost Desperate Cities, States BILLIONS

The Huffington Post | Mark Gongloff | Posted 10.09.2012 | Business

If you think Libor fraud is a victimless crime, the muni-bond market has 6 billion reasons it begs to differ. States, cities and other municipal bo...

Libor Scandal's Potential Costs Quietly Exploding

The Huffington Post | Mark Gongloff | Posted 08.27.2012 | Business

Funny thing about the Libor scandal: Even when there doesn't seem to be a lot going on, the cost to banks just keeps on rising. The latest estimate...

'Ginormous' Libor Scandal: Bank Sues 16 Others Over Rate-Rigging

The Huffington Post | Alexander Eichler | Posted 07.30.2012 | Business

The Libor lawsuits keep piling up. Last week, New York-based Berkshire Bank filed a class-action suit against the 16 banks responsible for setting ...

Mark Gongloff

Libor Scandal's Cost To Banks Swells

HuffingtonPost.com | Mark Gongloff | Posted 07.17.2012 | Business

The Libor scandal gets more expensive for the banking sector almost by the day. Banks may end up paying $35 billion in civil damages for manipulati...