Libor manipulation lawsuits could cost banks ‘tens of billions’

barclayslogo
Barclays headquarters, London

Evidence that Barclays attempted to manipulate the fixing price of the benchmark Libor and Euribor interbank lending rates could result in tens of billions of dollars in fines and penalties across the dealer community, as the victory prospects for a series of civil lawsuits received a boost in the wake of the bank's settlement with regulators in the UK and US.

"Things have changed dramatically in the past two hours," said the co-lead counsel for one of those lawsuits, speaking shortly after the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.