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Last Wave on Libor: CFTC Likely to Charge Multiple Banks for Rate Rigging

From nasdaq.com

American banks have so far escaped the billions of dollars in fines that have been levied by U.S. and British regulators leading a global seven-year probe into interest-rate rigging. That is likely to change. The U.S. Commodity Futures Trading Commission and the U.K. Financial Conduct Authority are working on a final round of civil charges against several banks for alleged manipulation of a benchmark underpinning interest rates on trillions of dollars of financial contracts world-wide, according to people close to the probe. J.P. Morgan Chase & Co., the biggest U.S. bank by assets, is still being investigated by the ... (full story)

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