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A group of banks embroiled in the Libor rate-rigging scandal are discussing the possibility of facing regulators together to avoid facing a Barclays-style backlash by going it alone, according to a report. The banks could settle with regulators as a group, according to Reuters, with one large headline fine announced rather than smaller penalties for each bank. The move could take the focus off individual banks, which fear the wrath of politicians and the public. While it is still unknown which banks are involved in discussions, more than a dozen are being investigated, including Citigroup, HSBC, Deutsche Bank and JPMorgan Chase. Read more: http://www.dailymail.co.uk/money/news/article-2176378/Libor-scandal-banks-talks-group-settlement-regulators-avoid-Barclays-style-backlash.html#ixzz21BLRsEwY