Community Bank Files Suite Over LIBOR

Wisconsin’s Community Bank & Trust of Sheboygan has filed a lawsuit against major banks—including JPMorgan Chase, Bank of America and Citigroup—charging them with manipulating the London Interbank Offered Rate, which it says kept its interest margins artificially low.

  • 18 Jul 2012

Wisconsin’s Community Bank & Trust of Sheboygan has filed a lawsuit against major banks—including JPMorgan Chase, Bank of America and Citigroup—charging them with manipulating the London Interbank Offered Rate, which it says kept its interest margins artificially low.

Click here to read the story from Reuters.

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