Silver as an investment

Federal Regulator of Credit Unions Files LIBOR Charges Against Banks

Federal Regulator of Credit Unions Files LIBOR Charges Against Banks

By Pam Martens: September 24, 2013 Yesterday, the National Credit Union Administration (NCUA) filed suit in U.S. District Court for the District of Kansas against 13 foreign banks and U.S. based JPMorgan Chase, charging the group with violating federal and state anti-trust laws through their manipulation of interest rates in the setting of the London Interbank Offered Rate (LIBOR), a benchmark used to set rates on everything from student loans to interest rate swaps to … Continue reading