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The banking giant is paying $100 million to settle charges that it profited from alleged manipulation of the U.S. Dollar LIBOR benchmark.
Citibank has settled with 42 states in a major case based on charges of fraudulent conduct via the alleged manipulation of the U.S. Dollar LIBOR benchmark interest rate and will be paying $100 million as part of a recent settlement. The LIBOR benchmark, now overseen by the ICE Benchmark Administration (IBA), helps financial services firms...
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