Fannie Mae sues 9 giant banks over Libor losses
Quotes

Fannie Mae sues 9 giant banks over Libor losses

Last Updated: Friday, November 1, 2013, 11:54
 
 Comment 0
 
Fannie Mae sues 9 giant banks over Libor losses
Washington: Fannie Mae Thursday sued nine giant banks plus the British Bankers Association over some USD 800 million in losses due to alleged rate-rigging manipulation in the latest fallout from the Libor scandal.

Fannie Mae, citing recent settlements involving four of the banks, said it lost USD 332 million in interest-rate swaps with the defendant banks, with the other losses in trades with other counterparties.



AFP

First Published: Friday, November 1, 2013, 11:54


Comments


comments powered by Disqus
Audi TT Coupé
Audi TT Coupé
Shanghai Auto Show 2015
Shanghai Auto Show 2015
PM Narendra Modi in France
PM Narendra Modi in France
PM Modi`s Make in India push in Germany
PM Modi`s Make in India push in Germany
Renault Lodgy MPV
Renault Lodgy MPV

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved