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Fannie sues 9 banks over LIBOR-related losses

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WASHINGTON (AP) — Fannie Mae sued nine major banks Thursday, alleging the banks' participation in the rigging of a key global interest rate cost the mortgage giant hundreds of millions of dollars. The banks sued include Bank of America Corp., Citigroup Inc., JPMorgan Chase & Co. and others that set the London interbank offered rate, or LIBOR, which is the basis for trillions of dollars in...

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