The plaintiffs had wanted the information to arrive within two days, but U.S. District Judge Naomi Reice Buchwald called the timeline unreasonable and told Lloyds Bank PLC, HBOS PLC, Bank of Tokyo-Mitsubishi UFJ Ltd., HSBC Bank PLC, HBC Holdings PLC, Norinchukin Bank, Protigon AG, Westdeutsche ImmobilienBank AG, Societe Generale, Royal Bank of Scotland Group PLC and... A number of banks accused of Libor manipulation have been scolded by a New York federal judge for late turnovers of core discovery documents to investigators. The case is the latest in which regulators are investigating whether financial firms colluded with one another on how they set benchmark interest rates.
A number of banks accused of Libor manipulation have been scolded by a New York federal judge for late turnovers of core discovery documents to investigators. The case is the latest in which regulators are investigating whether financial firms colluded with one another on how they set benchmark interest rates.