Lawsuit accusing 16 big banks of Libor manipulation reinstated by us court

Lawsuit accusing 16 big banks of Libor manipulation reinstated by us court

A US appeals court reinstated a civil lawsuit accusing 16 major banks, such as:  Deutsche Bank, UBS, Bank of America, JPMorgan Chase, Barclays, HSBC and others of conspiring to manipulate the Libor benchmark interest rate. The decision of the US circuit court of appeals in Manhattan allows plaintiffs to again claim compensation from banks. The court acknowledged that the case against the banks can result in their bankruptcy.

 

 

 

Photo: zn.ua


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