Photo Gallery: The Vast Extent of the Libor Scandal
Foto: Tal Cohen/ picture alliance / dpa
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Photo Gallery: The Vast Extent of the Libor Scandal

The Cartel Behind the Scenes in the Libor Interest Rate Scandal

There have been plenty of banking scandals, but none quite like this: Investigators and political leaders believe that the manipulation of the Libor benchmark interest rate was the result of organized fraud. Institutions that participated could face billions in fines and penalties. By SPIEGEL Staff
Translated from the German by Christopher Sultan
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