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Bank says traders manipulated key rate

A bank, said by people familiar with the matter to be UBS, is aiding a Canadian court in a Libor probe

A group of traders and brokers successfully managed to manipulate an interest rate that affects loans around the world, one of the banks being investigated has told regulators.

In a court filing in Ottawa, Canada's Competition Bureau said a bank it didn't identify has told the agency's investigators that people involved in the alleged scheme "were able to move" interest rates.

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