U.S. Indicts 2 French Bankers for Rigging LIBOR Rates

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Friday, September 1, 2017
Author: 
Bruce Zagaris
Volume: 
33
Issue: 
9
Abstract: 

On August 26, 2017, the acting United States Attorney Bridget Rohde of the Eastern District of New York announced the indictment of two French bank managers for participating in a scheme to transmit false and misleading information concerning the London Interbank Offered Rate (LIBOR), a global benchmark interest rate to which trillions of dollars of financial transactions are tied.