How Big will Libor Scandal Be?

A criminal probe into Libor scandal manipulation scandal is underway as the Justice Department is zeroing in on potential criminal wrongdoing by bankers connected to the rate rigging scheme.   Federal authorities are building cases against a number of firms and charges against at least one of these banks may be on the way later this year. But the question remains as to whether the Justice Department can prove a criminal case beyond a … [Read more...]