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Broker ICAP paying $87M to settle LIBOR charges

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WASHINGTON (AP) — Britain's ICAP PLC has agreed to pay about $87 million to settle U.S. and U.K charges of manipulating a key global interest rate, the fourth financial firm sanctioned in the international rate-rigging scandal. The U.S. Commodity Futures Trading Commission said Wednesday that ICAP, the world's largest broker of trades between banks, engaged in rigging of the London interbank...

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