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Freddie Mac sues big banks, accuses them of rigging LIBOR

WASHINGTON — Freddie Mac has sued 15 big international banks, including JPMorgan Chase, Bank of America and Citigroup, accusing them of rigging a key interest rate and causing huge losses for the government-controlled mortgage giant.
Freddie filed the lawsuit Thursday in federal court in Alexandria, Va. It names the banks that… …read more
Source: NY Post

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Posted by on March 20, 2013. Filed under Business News. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.