The Royal Bank of Canada is among 16 major banks that are facing lawsuits alleging that they hurt investors in Libor-tied securities by rigging an interest rate benchmark.
Bloomberg reports that the banks could be bankrupted if the case proceeds as there could be billions of dollars to pay in damages in addition to already-agreed penalties.
Bloomberg reports that the banks could be bankrupted if the case proceeds as there could be billions of dollars to pay in damages in addition to already-agreed penalties.
