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Banks Must End 'Brazen, Flagrant' Manipulation

Stop Here - Mateusz Stachowski

Big banks that rigged interest rates behaved in "brazen, flagrant" fashion, the head of the Commodities and Futures Trading Commission told CNBC on Wednesday, adding that imposing hefty fines were needed as a deterrent to bad behavior.

Probe Of S&P 'Intensified' After US Downgrade: Lawyer

Gavel

Floyd Abrams, the lead attorney for Standard & Poor's, told CNBC Tuesday that "the intensity of the investigation" into the agency's bond ratings "significantly increased" after S&P downgraded the U.S. government's credit rating in 2011.

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