Deutsche Bank, JPMorgan Agree to Settle Yen-Libor Lawsuits
Two banks will pay a combined $148 million to resolve investors' claims.
By Chris Dolmetsch, Bloomberg|July 24, 2017 at 05:01 AM|Originally published on Treasuryandrisk.Com
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Deutsche Bank AG and JPMorgan Chase & Co. agreed to pay a combined $148 million to resolve claims that they conspired to manipulate the benchmark yen Libor rate and said they will cooperate with investors suing other banks.