Investors Sue Big Banks For Manipulating Aussie Benchmark

By Eric Kroh (August 18, 2016, 12:46 PM EDT) -- Investors have filed a lawsuit in a New York federal court accusing JPMorgan Chase, Citbank, UBS and other big banks and brokers of generating hundreds of millions in profits by colluding to artificially fix the price of derivatives based on the bank bill swap reference rate, an Australian benchmark....

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