International banks sued by credit union regulator


The National Credit Union Administration is suing JPMorgan (JPM), Credit Suisse (CS), UBS, Societe Generale (SCGLF.PK), Lloyds Banking Group (LYG), Royal Bank of Canada (RY), and several others on behalf of five failed credit unions.

According to the suit, the banks' alleged manipulation of LIBOR caused the defunct credit unions to receive "less in interest income than they were otherwise entitled to receive."

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Comments (2)
  • JMstocks75
    , contributor
    Comments (249) | Send Message
     
    these lawsuits are priced in, 5 credit unions behalf, a very amount of money. not worried at all
    24 Sep 2013, 08:44 AM Reply Like
  • Morrison International Acco...
    , contributor
    Comments (452) | Send Message
     
    Little fish, big pond; get swallowed.
    24 Sep 2013, 04:12 PM Reply Like
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