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Investigators are trying to determine if the banks coordinated bids to lower prices and raise yields for holders, costing the government and companies in higher interest rates.
U.S. auto lending has surged in recent years to a record $1.1 trillion, partly fueled by low interest rates and low downpayment requirements. Now delinquencies are starting to rise.
BNP Paribas shares were active in early Paris trading after France's biggest bank posted stronger-than-expected first quarter earnings amid a surge in revenues from its global markets division.