Barclays PLC (ADR) (BCS), UBS AG (USA) (UBS), Royal Bank of Scotland Group plc (ADR) (RBS): Big Banks Dodge a Legal Bullet

As analysts have pointed out, fraud also requires individuals to prove that they did what they did in part because they thought the banks were not lying about their LIBOR submissions, which is difficult to prove. It may also be that there are so few investors with large enough claims that the damage — even if all the cases were successful — would be meaningless. In short, while the banks aren’t out of the woods completely, they’re no longer in serious danger from individuals.

The article Big Banks Dodge a Legal Bullet originally appeared on Fool.com and is written by Andrew Marder.

Fool contributor Andrew Marder owns shares of Barclays. The Motley Fool has no position in any of the stocks mentioned.

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