Fannie Mae Thursday sued nine giant banks plus the British Bankers Association over some $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 $332 million in interest-rate swaps with the defendant banks, with the other losses in trades with other counterparties.
GMT 12:40 2017 Wednesday ,26 AprilIndian Kashmir blocks social media after clashes
GMT 11:54 2017 Wednesday ,26 AprilBoeing profits jump but commercial air deliveries fall
GMT 11:15 2017 Wednesday ,26 AprilEU launches legal action against Hungary over education law
GMT 11:13 2017 Wednesday ,26 AprilTrump slams US court ruling against immigration order as 'ridiculous'
GMT 08:39 2017 Wednesday ,26 AprilTurkey detains 1,000 alleged Gulen supporters
GMT 08:37 2017 Wednesday ,26 AprilFrench intelligence blames Syrian regime for 'chemical attack'
GMT 08:23 2017 Wednesday ,26 AprilUS THAAD missile defence equipment enters South Korea site
GMT 08:20 2017 Wednesday ,26 AprilUS should stay in Paris climate accord: energy secretary