A general view shows French bank Societe Generale's headquarters in La Defense near Paris, France, in this picture taken on February 11, 2016. REUTERS/Benoit Tessier
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France's second-biggest bank Societe Generale said Monday that it had reached agreements with U.S. and French authorities to settle inquiries into the rigging of LIBOR rates and its dealings in Libya.The bank said last month it had set aside 1 billion euros ($1.2 billion) to settle both the LIBOR and Libya disputes.Societe Generale joins a host of other banks that have reached settlements with U.S. tax authorities for attempting to manipulate the London Interbank Offered Rate, which governs credit costs in the world.The LIA accused the French bank of paying at least $58 million to a Panama-registered company called Leinada as part of a "corrupt scheme" to get the LIA to invest billions in Societe Generale and its subsidiaries between 2007 and 2009 .
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