Main three culprits in Libor scandal ID'ed - Barclay's, UBS, and Royal Bank of Scotland

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4. F.w.i.w., those banks received U.S. bailout funds:

See http://www.bloomberg.com/news/2011-08-21/wall-street-aristocracy-got-1-2-trillion-in-fed-s-secret-loans.html :

Almost half of the Fed’s top 30 borrowers, measured by peak balances, were European firms. They included Edinburgh-based Royal Bank of Scotland Plc, which took $84.5 billion . . . .

http://townhall.com/columnists/rachelalexander/2012/07/19/tarp_banks_caught_falsifying_interest_rates_in_libor_ratesetting_scandal/page/full/ :

Barclays received $8.5 billion in bailouts from the U.S. bailout of AIG. Meanwhile, it continued giving generous bonuses to executives.

http://www.revengeis.com/2009/04/ubs-uses-tarp-funds-to-pay-fine-for-promoting-us-tax-evasion :

Last fall, USB agreed to pay the US $780 million in fines for its promotion of this tax evasion but it continues to refuse to turn over the identity of the tax-evading taxpayers. It turns out that US taxpayers are paying UBS’s fine for its promotion of and complicity in this blatant and widespread tax evasion, which has cost the US Treasury millions of dollars of unpaid taxes by wealthy taxpayers. (As a result of this case, Switzerland has agreed to new treaty provisions that will significantly erode its historic bank secrecy laws.)

And how is this happening? UBS is one of the biggest counterparties to credit default swaps entered into by AIG who received TARP funds (i.e. taxpayer money) from AIG. AIG received more than $150 billion in TARP funds so far since it is “too big to fail” and used $100 billion of that to pay Goldman Sachs, Merrill Lynch, Deutsche Bank, and other banks for amounts they claimed AIG owed under credit default swaps entered into with them. As one of AIG’s biggest counter parties, UBS received $5 billion from AIG when it dolled out its TARP funds to counterparties and it appears that part of UBS’s share was used to pay its $780 million fine for promoting tax evasion.