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Federal Deposit Insurance Corporation

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The U.S. Federal Deposit Insurance Corporation, which is in charge of winding down failing banks, is suing Barclays, Deutsche Bank, Lloyds Banking Group, Royal Bank of Scotland, Rabobank and UBS, as well as the British Bankers’ Association, for fraud in the Libor rate-settling process.  The US is taking this unusual step of suing the European banks in a London court after a similar lawsuit failed in New York. View page

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