HSBC to pay $100 million to end Libor rigging lawsuit in the US

ArticleBanking crisisApril 2, 2018 - 6:46:28 AM

HSBC has agreed to pay $100 million to end private U.S. litigation accusing it of conspiring to manipulate the Libor benchmark interest rate.

HSBC Holdings Plc has agreed to pay $100 million to end private U.S. litigation accusing it of conspiring to manipulate the Libor benchmark interest rate, becoming the fourth major bank to settle.

The preliminary accord with "over-the-counter" investors that transacted directly with banks on a panel to determine Libor, or the London Interbank Offered Rate, was disclosed in filings on Thursday with the U.S. District Court in Manhattan...

Source:cnbc.com

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