Feds Suspect Banks Colluded to Fix Interest Rate
The Justice Department and the SEC are investigating whether banks colluded to hold down a key interest rate before and during the financial crisis, sources tell the Wall Street Journal . The London interbank offered rate, or Libor, is calculated based on banks’ self-reported borrowing costs. But from 2006 to 2008…
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Feds Suspect Banks Colluded to Fix Interest Rate
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on April 14, 2011. Filed under News, World News.
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