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Special Report - How gaming Libor became business as usual

Clerks react in the Euro Dollar Pit at the Chicago Mercantile Exchange, in this March 21, 2007 file photo, after the U.S. Federal Reserve announced it would hold benchmark interest rates steady. REUTERS/John Gress/Files

Clerks react in the Euro Dollar Pit at the Chicago Mercantile Exchange, in this March 21, 2007 file photo, after the U.S. Federal Reserve announced it would hold benchmark interest rates steady. REUTERS/John Gress/Files

Clerks react in the Euro Dollar Pit at the Chicago Mercantile Exchange, in this March 21, 2007 file photo, after the U.S. Federal Reserve announced it would hold benchmark interest rates steady. REUTERS/John Gress/Files
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The letter "B" of the signage on the Barclays headquarters in Canary Wharf is hoisted up the side of the building in London in this July 20, 2012 file photo. REUTERS/Simon Newman/Files

The letter "B" of the signage on the Barclays headquarters in Canary Wharf is hoisted up the side of the building in London in this July 20, 2012 file photo. REUTERS/Simon Newman/Files

The letter "B" of the signage on the Barclays headquarters in Canary Wharf is hoisted up the side of the building in London in this July 20, 2012 file photo. REUTERS/Simon Newman/Files
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Jay Merchant poses for a photo at an event in New York in this February 8, 2012 handout. REUTERS/Ben Gabbe/BFAnyc.com/Handout

Jay Merchant poses for a photo at an event in New York in this February 8, 2012 handout. REUTERS/Ben Gabbe/BFAnyc.com/Handout

Jay Merchant poses for a photo at an event in New York in this February 8, 2012 handout. REUTERS/Ben Gabbe/BFAnyc.com/Handout
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The logo of Swiss bank UBS is seen at the company's office at the Bahnhofstrasse in Zurich in this July 1, 2009 file photo. REUTERS/Arnd Wiegmann/Files

The logo of Swiss bank UBS is seen at the company's office at the Bahnhofstrasse in Zurich in this July 1, 2009 file photo. REUTERS/Arnd Wiegmann/Files

The logo of Swiss bank UBS is seen at the company's office at the Bahnhofstrasse in Zurich in this July 1, 2009 file photo. REUTERS/Arnd Wiegmann/Files
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A sign hangs outside a branch of Barclays Bank, in London in this January 26, 2011 file photo. REUTERS/Stefan Wermuth/Files

A sign hangs outside a branch of Barclays Bank, in London in this January 26, 2011 file photo. REUTERS/Stefan Wermuth/Files

A sign hangs outside a branch of Barclays Bank, in London in this January 26, 2011 file photo. REUTERS/Stefan Wermuth/Files
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The lobby of JP Morgan headquarters is photographed through it's front doors in New York in this May 11, 2012 file photo. REUTERS/Eduardo Munoz/Files

The lobby of JP Morgan headquarters is photographed through it's front doors in New York in this May 11, 2012 file photo. REUTERS/Eduardo Munoz/Files

The lobby of JP Morgan headquarters is photographed through it's front doors in New York in this May 11, 2012 file photo. REUTERS/Eduardo Munoz/Files
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A branch of HSBC bank is seen, in central London in this March 6, 2011 file photo. REUTERS/Stefan Wermuth/Files

A branch of HSBC bank is seen, in central London in this March 6, 2011 file photo. REUTERS/Stefan Wermuth/Files

A branch of HSBC bank is seen, in central London in this March 6, 2011 file photo. REUTERS/Stefan Wermuth/Files
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Morning commuters rush past a branch of the Royal Bank of Scotland (RBS) in London in this November 4, 2011 file photo. REUTERS/Andrew Winning/Files

Morning commuters rush past a branch of the Royal Bank of Scotland (RBS) in London in this November 4, 2011 file photo. REUTERS/Andrew Winning/Files

Morning commuters rush past a branch of the Royal Bank of Scotland (RBS) in London in this November 4, 2011 file photo. REUTERS/Andrew Winning/Files
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The logo of Germany's largest business bank, Deutsche Bank, is illuminated at the bank's original headquarters in Frankfurt in this January 31, 2012 file photo. REUTERS/Kai Pfaffenbach/Files

The logo of Germany's largest business bank, Deutsche Bank, is illuminated at the bank's original headquarters in Frankfurt in this January 31, 2012 file photo. REUTERS/Kai Pfaffenbach/Files

The logo of Germany's largest business bank, Deutsche Bank, is illuminated at the bank's original headquarters in Frankfurt in this January 31, 2012 file photo. REUTERS/Kai Pfaffenbach/Files
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A woman uses an ATM inside a Citibank branch in New York in this August 12, 2009 file photo. REUTERS/Lucas Jackson/Files

A woman uses an ATM inside a Citibank branch in New York in this August 12, 2009 file photo. REUTERS/Lucas Jackson/Files

A woman uses an ATM inside a Citibank branch in New York in this August 12, 2009 file photo. REUTERS/Lucas Jackson/Files
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