Could Barclays, HSBC, RBS and Lloyds face bankruptcy?

US judges reinstate legal claim against 'anti-trust' charges and warn it could have dire consequences

Barclays
(Image credit: Dan Kitwood/Getty Images)

US judges have raised the prospect of UK high street banks Barclays, HSBC, Royal Bank of Scotland and Lloyds facing penalties of billions of dollars for manipulating interest rates.

A Court of Appeal verdict yesterday overturned an earlier decision that 16 global banking groups, including the four UK lenders, should not face "anti-trust" charges relating to fixing Libor interest rates.

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