Lawsuit Accusing 16 Big Banks of Libor Manipulation Reinstated

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Lawsuit Accusing 16 Big Banks of Libor Manipulation Reinstated – The Guardian

A US appeals court on Monday reinstated a civil lawsuit accusing 16 major banks of conspiring to manipulate the Libor benchmark interest rate. The ruling, which overturns a 2013 decision, could bankrupt the institutions, the judges warned.

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US Close to Passing Test for June Rate Rise

 

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US Close to Passing Test for June Rate Rise, Fed Official Says – FT (subscription)

The US is on the verge of meeting most of the economic conditions the Federal Reserve has set to increase interest rates next month, according to a member of the rate-setting Federal Open Market Committee.

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Fed’s Lockhart and Williams Say June Is a ‘Live’ Meeting

 

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Fed’s Lockhart and Williams Say June Is a ‘Live’ Meeting – WSJ (subscription)

Two regional Federal Reserve bank presidents said Tuesday that the US central bank could raise short-term interest rates at its meeting next month, despite low market expectations for such a move and uncertainty surrounding the referendum on the UK’s membership in the European Union.
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