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Societe Generale settles Libor and Libya investigations as analysts cast doubts on potential for Unicredit tie-up
French banking giant Societe Generale today announced the settlement of US and French legal actions for allegedly rigging the Libor benchmark rate and for questionable transactions with Libyan parties, as reported interest in a merger from Italy’s Unicredit boosted demand for shares. The settlements will be within the €1bn (£870m)…
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