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US FDIC sues 16 banks alleging Libor manipulation in Doral collapse

US FDIC sues 16 banks alleging Libor manipulation in Doral collapse

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US FDIC sues 16 banks alleging Libor manipulation in Doral collapse

A U.S. regulator on Tuesday filed a lawsuit against 16 U.S. and international banks alleging they had manipulated bbaLIBOR, which is a series of interest-rate benchmarks, leading to the collapse of Puerto Rico’s Doral Bank.

The F...

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Uploaded on February 21, 2018