Banks Must Defend Libor Lawsuits After Judges Warn of ImpactBy
Bank of America, Citigroup are among 16 defendants in cases
Cases return to judge to weigh risk of lawsuit’s continuing
Sixteen of the world’s largest banks including JPMorgan Chase & Co. and Citigroup Inc. must face antitrust lawsuits accusing them of hurting investors who bought securities tied to Libor by rigging an interest-rate benchmark, a ruling that an appeals court warned could devastate them.
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