Thursday, 31 October 2013

J.P. Morgan, BofA, Citi among banks sued by Fannie


NEW YORK (MarketWatch) -- Bank of America Corp. BAC +0.14%  , Citigroup Inc. C +0.31%  and J.P. Morgan Chase & Co. JPM +0.35%  are among the banks that Fannie Mae FNMA +5.88%  filed charges against Thursday.

Alleging that they manipulated a key interest rate known as the Libor. The lawsuit also names four banks that have settled previous Libor-related charge.

Royal Bank of Scotland Group PLC RBS +0.64%  and Dutch bank Rabobank.  JPM.

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