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Corporate Credit Unions

NCUA Files LIBOR Suit Against Big Banks

SEP 23, 2013 6:31pm ET

WICHITA, Kan. The National Credit Union Administration this evening filed a civil suit against 13 international banks, including J.P. Morgan Chase, alleging violations of federal and state anti-trust laws by manipulation of interest rates through the London Interbank Offered Rate (LIBOR) system.

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