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Freddie Mac Sues LIBOR Panel Banks And Others Over Losses

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ALEXANDRIA, Va. - Member banks of the London Interbank Offered Rate (LIBOR) panel and certain of their subsidiaries violated federal antitrust laws by manipulating and suppressing the LIBOR, which caused Freddie Mac to sustain large investment losses, Freddie Mac argues in a complaint filed March 19 (The Federal Home Loan Mortgage Corp. v. Bank of America Corp., et al., No. 13-342, E.D. Va.)....(read more)

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