Citi, Deutsche Bank, HSBC agree to pay US$132 million to settle Libor claims

Published: 13/10/2017
Citi, Deutsche Bank, HSBC agree to pay US$132 million to settle Libor claims
Source: WWW.SCMP.COM

Citigroup, Deutsche Bank and HSBC Holdings have agreed to pay a combined US$132 million to settle a US class action brought by futures traders accusing them of manipulating the Libor benchmark interest rate, according to a US court filing on Wednesday. Citi, Deutsche Bank and HSBC agreed to pay US$33.4 million, US$80 million and US$18.5 million, respectively, according to the filing in Manhattan f

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