Neverending story: Why Libor scandal will last for years yet
The complexity of international investigations, delays in criminal trials and the sheer scope of the conspiracies involved ensure that the industry is still years from the end of the Libor scandal
The first recorded attempts by major banks to rig the Libor interbank rate date back nine years, and since then the probe into its manipulation has resulted in a string of leading institutions and brokers on both sides of the Atlantic facing civil and criminal penalties.
With trillions of dollars in securities and loans linked to Libor, it is worth following the outcome of any action against the wrongdoing, yet with each settlement that is reached, the extent of the market abuse only seems to
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