Judge dismisses LIBOR lawsuits against big banks
The JP Morgan Chase building on Park Avenue May 11, 2012 in New York.
This final note today, in which the big banks get a big win. This afternoon, a federal judge in New York dismissed a big chunk of the lawsuits against banks involved in the LIBOR scandal. The interest rate fixing -- well, I dunno if I can call it a scam anymore -- from last year.
Bank of America, JPMorgan Chase and others had been on the hook.