The Federal Deposit Insurance Corporation (FDIC) has field a lawsuit against the Royal Bank of Scotland and Lloyds over the libor-rigging scandal.

The two banks are being sued in New York in the latest round of legislations involving the scandal. The banks were named in a civil case lodged at a federal court in Manhattan. The agency said that it is looking to recover losses that the rate manipulation caused to 10 United States banks. The lawsuit was filed on Friday in Federal District Court in Manhattan. FDIC has also sued a trade group, the British Bankers' Association over the scandal.

The scandals involves RBS, Lloyds, Barclays, HBOS, UBS, Rabobank and Deutsche Bank as well as Bank of -America, Citigroup and JP Morgan Chase, who are all accused of keeping the London Interbank Offered Rate (Libor) deliberately low to get gains between 2007 and 2011.

The Federal Deposit Insurance Corporation has filed a lawsuit against 16 big banks for trying to rig global interest rate. These banks are among the largest in the world and the scandal has seriously dented the reputation of the banks among investors and savers.