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22 banks accused of manipulating treasury auctions

Pointing The Finger

Twenty-two financial companies that have served as primary dealers of U.S. Treasury securities were sued in federal court on Thursday, in what was described as the first nationwide class action alleging a conspiracy to manipulate Treasury auctions that harmed both investors and borrowers.

Royal Mint makes a mint … again

Pound Coin

The Royal Mint has reported soaring profits, boosted by commemorative coins struck and sold to mark events such as the 50th anniversary of Winston Churchill’s death and the 800th anniversary of the Magna Carta.