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EU accuses Icap of helping banks manipulate yen Libor

The interdealer broker says it will vigorously defend itself against the allegations

European Union regulators on Tuesday accused interdealer broker Icap of helping banks manipulate the yen Libor benchmark interest rate, three weeks after filing similar allegations against three banks.

The allegations are the latest stage of a two-year investigation by EU antitrust authorities, one in a series of probes into alleged market abuse by financial institutions.

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