(CNN) - Citibank has agreed to a settlement requiring the company to pay $100 million in fines for interest rate manipulation.
Attorneys general in 42 states accused the bank of manipulating Libor, which is a benchmark rate that influences lending rates worldwide.
The AG’s accused Citibank of reaping massive gains, including millions of dollars from "fraudulent conduct."
Citibank's settlement comes after Barclays and Deutsche Bank also agreed to settlements over Libor violations
The three banks have now collectively been fined a total of $420 million
Citibank also agreed to cooperate with probes into other banks' Libor activity.
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