Maryland to get $2M from Citibank settlement

Forty-five states have reached a $100 million settlement with Citibank for allegedly manipulating U.S. Dollar (USD) LIBOR, an interest rate benchmark which has widespread effect on financial markets and consumers, Maryland Attorney General Brian E. Frosh’s office announced Friday. Governmental and nonprofit organizations in Maryland with LIBOR-linked swaps and other investment contracts with Citibank will get ...

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