February 06, 2013 at 09:00 AM EST
Banks Must End 'Brazen, Flagrant' Manipulation: CFTC's Chilton
Big banks that rigged interest rates behaved in "brazen, flagrant" fashion, the head of the Commodities and Futures Trading Commission told CNBC on Wednesday, adding that imposing hefty fines were needed as a deterrent to bad behavior.
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