• Libor Scheme Shorted Corporate Income

    The Libor price-fixing scandal, in which the London-based bank and financial services company Barclays manipulated Libor submissions to give a healthier picture of the bank’s credit quality in 2007 and 2008, has had little material effect on credit unions, according to industry experts. However, corporates that owned Libor-indexed assets during...

  • Space Coast CU Sues Barclays and State Street Over CDOs

    Space Coast CU is suing Barclays and State Street Securities over investment losses that led to its takeover of Eastern Financial CU.

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