Rate scandal turns focus from bankers to regulators

Filed under: AM Roundup |

Big banks are facing increased scrutiny from investigators about their alleged interest rate manipulation, lawmakers and other lawmakers are looking at regulators who didn’t stop the illegal activity.

The New York Times is reporting that lawmakers in the United States and England are looking at whether regulators allowed banks to report false rates before and after the 2008 global meltdown in real estate mortgages.

Read more at the New York Times.