JPMorgan Chase & Co. and Deutsche Bank AG have agreed to pay a combined $148 million to settle two investor suits alleging they rigged the Libor benchmark rate. JPMorgan would pay $71 million, while Deutsche would pay $77 million, according to a motion for preliminary approval of the settlement. Both banks also agreed to cooperate with the settlement class in specific ways, including providing proffers of fact and other information about a conspiracy to fix the yen-denominated London interbank offered rate.
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