Mr Cooper Group Inc (COOP): Good point, the LIBOR suit "on behalf of...

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JusticeWillWin

Re: LuckyPanda post# 536310

Tuesday, 09/04/2018 12:46:50 PM

Tuesday, September 04, 2018 12:46:50 PM

Good point, the LIBOR suit "on behalf of the failed banks" could also be the reason for the delay and could be settled soon...

From https://www.iol.co.za/business-report/international/fdic-sues-16-banks-in-libor-fixing-civil-claim-1662110

The FDIC claims breach of contract on behalf of 10 of the failed banks, including Washington Mutual and IndyMac, which entered into Libor-based interest-rate swap contracts with banks that are named as defendants. It alleges the banks committed fraud and violated US antitrust laws in fixing the US dollar Libor benchmark. It is seeking unspecified damages on behalf of the failed banks, including punitive damages and triple damages for price-fixing.

Your post:

Anyone thinking FDIC R will magically settle the Libor suit with JPM right before 9/25?

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- Just my personal opinion, no investment advice! -
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