Expanding the banks that submit their rates will add smaller institutions that pay more to borrow.
By John Glover, Bloomberg|October 02, 2012 at 05:06 AM
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Borrowing costs for consumers and companies will rise as efforts to revive confidence in Libor increase the number of banks involved in setting the rates, which determine more than $300 trillion of securities.
As O’Melveny & Myers partner Daniel Petrocelli faces one of the biggest trials of his life—fending off the Justice Department’s challenge to AT&T’s $85 billion merger with Time Warner— there’s a niggling question: What does the renowned Los Angeles litigator really know about antitrust law?