Citigroup to Pay $130 Million to End Libor Rigging Lawsuit in U.S.

With an aim to move past the litigation issues, Citigroup Inc. C agreed to resolve a private U.S. antitrust lawsuit that accused it of rigging London Interbank Offered Rate (LIBOR). The company will be paying $130 million to settle the case, without admitting any wrongdoing. This news was reported by Reuters.

 

http://www.nasdaq.com/article/citigroup-c-resolves-libor-manipulation-case-to-pay-130m-cm828508

 

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