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HSBC, UBS Settle US Rate-Rigging Litigation; 10 Banks’ Total Payout Tops $408M

by Reuters | Jul 12, 2017

HSBC Holdings Plc. and UBS Group AG have each agreed to pay $14 million to settle private U.S. litigation accusing them of rigging an interest rate benchmark used in the $483 trillion derivatives market.

HSBC, UBS Settle US Rate-Rigging Litigation; 10 Banks’ Total Payout Tops $408M

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