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Banks

Banks Face a Storm of Investigations and Litigation


Forecast: Continuing investigations, penalties, settlements, and indictments. Additional lawsuits filed on behalf of investors will drag on for years. Here are some details.

Foreign Exchanges

Regulators are looking into whether currency traders have conspired through instant messages to manipulate foreign exchange rates. The currency rates are used to calculate the value of stock and bond indexes.

Energy Trading

Banks have been accused of manipulating energy markets in California and other states.

Libor

Since early 2008 banks have been caught up in investigations and litigation over alleged manipulations of Libor.

Mortgages

Banks have been accused of improper foreclosure practices, selling bonds backed by shoddy mortgages, and misleading investors about the quality of the loans.

Kessenides is an associate editor for Bloomberg Businessweek.

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