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Citi, Deutsche Bank, HSBC to pay $132-mn settlement in Libor rigging case

The settlements must be approved by US District Judge Naomi Reice Buchwald

Reuters 

Citigroup Inc, Deutsche Bank AG, and HSBC Holdings Plc have agreed to pay a combined $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 $33.4 million, $80 million and $18.5 million, respectively, according to the filing in Manhattan federal court. The settlements must be approved by US District Judge Naomi Reice Buchwald. The money would go to proposed classes consisting of anyone who traded in Eurodollar ...

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First Published: Fri, October 13 2017. 12:03 IST
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