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hotelben

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  • Barclays' settlement over Libor-fixing claims gives immediate credibility to lawsuits worldwide against banks for buying financial instruments based on a manipulated rate. The sums are potentially huge as Libor is used to price pretty much everything rate-related. The BIS estimates the notional value of interest rate derivatives at $500T - even a tiny fraction would be a vast amount.  [View news story]
    Is there a class action law suit yet?
    Jun 27 06:22 PM | Likes Like |Link to Comment
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