You can now read 10 articles in a month for free on BostonGlobe.com. Read as much as you want anywhere and anytime for just 99¢.

The Boston Globe

Business

Fannie Mae sues 9 banks in Libor saga

WASHINGTON — Fannie Mae sued nine major banks on Thursday, alleging the banks’ participation in the rigging of a key global interest rate that cost the mortgage giant hundreds of millions of dollars.

The banks sued include Bank of America Corp., Citigroup Inc., JPMorgan Chase & Co., and others that set the London interbank offered rate, or Libor, which is the basis for trillions of dollars in contracts, including mortgages and bonds.

Loading comments...

You have reached the limit of 10 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week