WICHITA, Kan.-Seeking a potential new source to recoup losses on the corporate credit union failures, NCUA filed suit last week against 13 international banks claiming they violated federal antitrust laws by manipulating interest rates through Libor-the London Interbank Offered Rate-causing major losses to the five corporates.

The filing of the suit in federal court in Kansas-where U.S. Central FCU, the one-time $52 billion central bank for credit unions, was based-came as another bank, ICAP Europe Ltd., was agreeing to pay an $87-million settlement in the Libor scandal. At least three other banks, Royal Bank of Scotland, Barclays and UBS, agreed earlier to pay a total of $2.6 billion to U.S., British and Swiss regulators to settle similar charges.

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