20
April
Twelve banks worldwide sued for manipulating Libor
20 April 2011 Reuters
A European asset manager has sued one dozen U.S., European and Japanese banks, accusing them of conspiring to manipulate Libor, a benchmark used to set interest rates on hundreds of trillions of dollars of securities.
Vienna-based FTC Capital GmbH and two funds it operates in Luxembourg and Gibraltar accused the banks of conspiring to artificially depress Libor, and limit trade in Libor-based derivatives from 2006 to 2009.
http://www.reuters.com/article/2011/04/19/us-libor-lawsuit-idUSTRE73I5PI20110419
