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Freddie Mac sues banks over Libor issues
Phoenix Business Journal: Freddie Mac, the U.S. mortgage financing company, is suing more than a dozen banks to recoup losses it says were caused by manipulating a benchmark interest rate known as the Libor.
Reuters reported Freddie Mac was suing Bank of America Corp., JPMorgan Chase & Co. and others, saying the banks worked together to manipulate the interest rate by which banks use.
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