Thursday, April 4, 2013

Over half of states join Libor probe.

The number of states that have joined an investigation into Libor manipulation by banks has grown to 30 in recent months, with Arizona, Delaware, Iowa and Maryland reportedly joining the likes of New York and Connecticut. The states appear to be sanguine about a judge's recent decision to dismiss private antitrust claims against 16 banks, as the ruling differentiated between enforcement actions and private lawsuits