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Articles Posted in Bank Bill Swap Reference Rate

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JPMorgan Chase and Citigroup Settle Euribor Investor Case for $180M

A preliminary $182M settlement has been reached in a benchmark rigging lawsuit between investors and banks Citigroup Inc. (C) and JPMorgan & Chase (JPM). Now, a federal judge must approve the deal, which would end claims accusing the two financial firms of manipulating the Euribor (Euro Interbank Offered Rate). The…

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