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The settlement, the largest rate-manipulation settlement so far, is the latest iteration of a string of scandals to have rocked the banking industry in the years after the financial crisis of 2008.
The only concrete thing to come out of this settlement so far is that the banks got a cheap ticket out of the litigation death trap brought on by their own criminality.
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They have won more than €1 billion ($1.6 billion) in legal settlements so far.
Even with the various settlements so far, Schering-Plough's legal troubles are not over.
A majority of settlements so far have been at the lower end of the $200,000 to $1.2 million range suggested in the media, he added.
Asbestos personal injury claims have cost more than $54 billion in settlements so far and put more than 60 United States companies into bankruptcy.
Also in Kachchh is Dholavira, which appears to be among the largest Harappan settlements so far identified; a nine-year excavation at the site completed in 2001 yielded a walled Indus valley city that dated to the mid-3rd millennium bce and covered some 3.5 acres (1.4 hectares).
The worry is that if firms do raise prices aggressively, this will reduce the relief from tumbling domestic-energy bills, and inflation will be higher than the path shown in the central forecast.One reason to be more sanguine is that pay settlements so far this year have been quite restrained.
Intensive negotiations with the European Commission have been under way since the end of last year in an attempt to reach a settlement, though so far without success.
But there were some moments that pulled back the curtain on the lasting bitterness that has made an out-of-court settlement untenable so far in the saga of the $75 million show, the most expensive in Broadway history.
Then there is the investigation by state attorneys general into mortgage servicing abuses, which could cost the big banks more than $20 billion in a proposed settlement that so far they have been unable to complete.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com