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The FDIC sued 16 of the world's largest banks on Friday, accusing them of collusively suppressing interest rates, Reuters reported.
The FMHR traders reveal their final trades.
CNBC's Bob Pisani and Art Cashin, of UBS, discuss the market "waffling" back and forth, but there haven't been any serious headlines, so far. Beware the rumormongers, he warns, later in the afternoon.
Kyle Bass, founder of hedge fund Hayman Capital, breaks down his bullish stance on General Motors amid increasing scrutiny on the car maker.