Yesterday the FDIC (Federal Deposit Inusrance Coporation) filled a lawsuit against 16 Banks for trying to manipulate LIBOR ( London Interbank Offered Rate)
The US FDIC says " the banks conduct caused substantial losses to 38 banks that the U.S. regulator had taken into receivership since 2008 "
Here's the original link to the article if u wanna read in more detail http://mobile.reuters.com/article/idUSL2N0MB18R20140314?irpc=932
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