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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (13271)	7/22/2012 9:24:59 PM
From: Challo Jeregy	1 Recommendation Read Replies (1) \| Respond to of 33421

Exclusive: Banks in Libor probe consider group settlement-sources A group of banks being investigated in an interest-rate rigging scandal are looking to pursue a group settlement with regulators rather than face a Barclays-style backlash by going it alone, people familiar with the banks' thinking said. Such discussions are preliminary, and it is unclear if regulators will enter these talks, aimed at resolving allegations that banks attempted to manipulate the London interbank offered rate, or Libor, a benchmark that underpins hundreds of trillions of dollars in contracts. Still, there are powerful incentives for the banks to enter joint negotiations. . . . . http://tinyurl.com/bsddry4 (sorry for the link - you'll need to copy & paste)