BofA, Citigroup, Credit Suisse Sued by FDIC Over LIBOR

Bloomberg

BofA, Citigroup, Credit Suisse Sued by FDIC Over LIBOR

More than a dozen major global financial institutions have also been named in these litigations and investigations. LIBOR supports an estimated $800 trillion in loans and securities each year, and is one of the best known and most important interest rates in the world.