US FDIC sues 16 banks alleging Libor manipulation in Doral collapse

A U.S. regulator on Tuesday filed a lawsuit against 16 U.S. and international banks alleging they had manipulated bbaLIBOR, which is a series of interest-rate benchmarks, leading to the collapse of Puerto Rico’s Doral Bank.

The Federal Deposit Insurance Corp (FDIC), which brought the suit in its …

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