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Thursday, May 24, 2018, 9:11 a.m.

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16 banks face FDIC suit over Libor-rigging claims

Bank of America Corp., Citigroup Inc. and Credit Suisse Group AG were among 16 of the world’s biggest banks sued Friday by the U.S. Federal Deposit Insurance Corp. over allegations of manipulating the London interbank offered rate from 2007 to 2011.

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