Tag: Credit Suisse

13 Banks In Libor Rate-Fixing Face Law Suit: Selling $2.4 Billion In ‘Faulty Securities’ To Credit Unions

The US credit union regulator has filed an anti-trust lawsuit against 13 major international banks as part of the global crackdown in the Libor rate-rigging scandal. The National Credit Union Administration (NCUA) said it aims to recover some of the funds lost by five corporate credit unions it supervised and which have since failed, according…