The business press in the U.S. and the U.K. is abuzz over the resignation of Barclays’ CEO after the Financial Services Authority’s investigation of the bank for attempting to rig the London Interbank Offered Rates (Libor) and the additional investigations of other banks by financial regulatory authorities in the U.S. and Europe. As this story grows, we wanted to share an article that Chicago partners Jennifer Broda and Eric Scheiner wrote in May – before the Barclays settlement was announced – that provides background on Libor, the ongoing criminal and regulatory investigations and the impact those investigations and ongoing antitrust litigation will have on the companies and their insurers.
Please click here to see the full article.
