And LIBOR does not matter? US woman takes on banks over LIBOR

A pensioner whose home was repossessed is taking on some of the world's leading banks in the first known class-action lawsuit claiming that alleged LIBOR manipulation made mortgage repayments for thousands of Americans more expensive than they should have been.

The subprime mortgages of Annie Bell Adams and her four co-lead plaintiffs were securitised into Libor-based collateralised debt obligations and sold by banks to investors ... READ MORE

Released by the Financial Times - 14 October 2012