Citigroup Inc (C.N) agreed to pay $100 million (75.3 million pounds) to settle charges by most U.S. states that it defrauded government and nonprofit entities by manipulating Libor, an interest rate benchmark that underlies a wide range of consumer transactions.

The settlement with the third-largest U.S. bank was announced on Friday by New York State Attorney General Barbara Underwood, whose office has led a probe by 41 states and Washington, D.C. of rate-rigging by several banks.

Citigroup did not admit or deny wrongdoing, and agreed to cooperate.

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