Banks Must Defend Libor Lawsuit After Judges Warn of Impact
Bloomberg, May 23, 2016–Van Voris, Bob
Sixteen of the world’s largest banks including JPMorgan Chase & Co. and Citigroup Inc. must face antitrust lawsuits accusing them of hurting investors who bought securities tied to Libor by rigging an interest-rate benchmark, a ruling that an appeals court warned could devastate them.
