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Seven big banks settle U.S. rate-rigging lawsuit for $324 million

Posted on May 31, 2016 by Jay Fenello
Seven big banks settle U.S. rate-rigging lawsuit for $324 millionNEW YORK Seven of the world’s biggest banks have agreed to pay $324 million to settle a private U.S. lawsuit accusing them of rigging an interest rate benchmark used in the $553 trillion derivatives market.

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via Reuters
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