Photographer: Simon Dawson/Bloomberg

Banks Must Defend Libor Lawsuits After Judges Warn of Impact

Updated on
  • 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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