Mutualfundreform.com

Large banks which set one of the institutional investing world’s most important interest rate-setting benchmarks–LIBOR–are being accused of price fixing by some of the largest regulators in the world. In a series of lawsuits filed in 2011, plaintiffs charge that dating back to the start of the current financial crisis in 2008, 19 international banks comprising the panel which determines the daily LIBOR (London Interbank Offering Rate) have manipulated market…