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Citibank, JPMorgan Chase Ink $21M SIBOR Rigging Suit Deal

By Dave Simpson ( November 15, 2018, 10:49 PM EST) -- CitiGroup Inc. and JPMorgan Chase & Co. have agreed to pay nearly $21 million to escape a putative class action over an alleged conspiracy to manipulate the Singapore Interbank Offered Rate, the plaintiffs said in a motion to preliminarily approve the deal in New York federal court Thursday. . . .

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