The Securities Litigation Expert Blog

Libor Liability Estimate Update: $6 billion

Posted by Jack Duval

Oct 12, 2012 4:20:54 AM

The latest liability estimate for the Libor scandal is in at $6 billion for municipal bonds, writes Darrell Preston of Bloomberg.  (Bloomberg)  The estimate comes from Swap Financial Group.  The size of the muni swap market is estimated to be about $500 billion, so the $6 billion estimate comes in at 1.2 percent.

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Topics: Bloomberg, Darrell Preston, Swaps, LIBOR, litigation, Swap Financial Group, municipal bonds

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