Berkshire Bank, with all its 11 branches and $881M in assets, files a lawsuit alleging it was...

|By:, SA News Editor

Berkshire Bank, with all its 11 branches and $881M in assets, files a lawsuit alleging it was cheated out of interest income because of the "artificially" depressed Libor rate. The bank is proposing class-action status for the suit, claiming "tens, if not hundreds, of billions of dollars" of loans made or sold in the state were affected by Libor-rigging.