Libor Rate Fines on Banks `Meaningful,' Serra Says

Libor Rate Fines on Banks `Meaningful,' Serra Says Play

Dec. 4 (Bloomberg) -- Davide Serra, founding partner and portfolio manager at Algebris Investments, talks about record fines totaling 1.7 billion euros ($2.3 billion) levied by the European Union against six companies for rigging rates linked to Libor. Serra, speaking with Erik Schatzker on Bloomberg Television’s “Market Makers," also discusses the outlook for financial regulation. (Source: Bloomberg)

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