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Deena Zaidi

Data and Financial Journalist

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All posts tagged ICE

Libor Scandal and the Plight of Big Banks

Libor Scandal and the Plight of Big Banks

Posted on May 27, 2016April 17, 2017Author Deena ZaidiPosted in Banking News, World Economy

Libor manipulation can bankrupt sixteen big banks and shake investors’ confidence. Libor rigging involves billions of dollars as profits. The big banks include Bank of America, JP Morgan Chase and Citigroup. While the first rigging case was brought to light in 2012 (Also Read: The LIBOR Fallout – A Big Bank scandal )the scandal dates back…

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