Criminal Fraud Charges In Libor Case May Be Filed

The US Justice Department is pursuing criminal charges against bank traders and others who were involved in the Libor case.  This would be the first criminal case against bankers that many believe were guilty of fraud.  In order to pursue the case the Justice Department will need cooperation from British authorities that have not appeared to be anxious to cooperate.  New regulations that require a firewall between those who report on Libor and the traders who used that information to make trades.