Fannie Mae Sues Banks for $800 Million Over Libor Rigging

``Fannie Mae sued nine major banks over allegations their manipulation of the London interbank offered rate cost the mortgage financing company about $800 million. The U.S. government-owned firm alleged that banks including Bank of America Corp., JPMorgan Chase & Co. (JPM) and Citigroup Inc. (C) acted to suppress the rate, according to a copy of the complaint filed today in Manhattan federal court. The filing couldn't be immediately confirmed in court records.''