Barclays Paying $453 Million To Settle Libor Probe

WASHINGTON/LONDON (Reuters) - U.K. bank Barclays will pay $453 million to U.S. and British authorities to settle allegations that it manipulated key interest rates, increasing pressure on other banks to cooperate in a probe that could cost the financial industry billions of dollars.

Topics:  washington/london reuters     u.k   barclays   u.s    british   million   settle   probe   
ASK NEWS:
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    Bank Stock Roundup: Litigations Make Headlines; JPMorgan & Citigroup ... - Zacks.com
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  • Major Banks Penalized for FX Market Rigging, Plead Guilty - Yahoo! Finance
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    No getting around guilt this time - Resource Investor
    05/20/2015 - 9:05 am | View Link
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    Five major banks to plead guilty to rigging currency markets - World Socialist Web Site
    05/15/2015 - 10:02 am | View Link
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BING NEWS:
  • Banks to Pay $5.6 Billion in Probes
    One bank, Barclays, pulled out at the last minute of the November settlement with regulators and is now paying $2.38 billion ... sales practices violated its 2012 Libor agreement and agreed to pay an additional $60 million penalty. Prosecutors said UBS ...
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  • UBS fined $541 million over FX rigging and Libor in first of fresh wave of bank penalties
    UBS has paid a $545 million ... paying $342 million to the US Federal Reserve for “unsafe and unsound” practices in its forex business. UBS had previously received a degree of immunity because it was the first bank to alert the DoJ to Libor rigging ...
    05/20/2015 - 2:12 am | View Link
  • UBS to Plead Guilty on Libor, Settle Currency Probe With Fed
    UBS Group AG will pay $545 million to settle U.S. investigations ... agreement with UBS that was designed to settle an earlier probe into the rigging of the London interbank offered rate, or Libor. The deal was conditional on the bank not committing ...
    05/19/2015 - 11:42 pm | View Link
  • Barclays paying $453 million to settle Libor probe
    WASHINGTON/LONDON (Reuters) - U.K. bank Barclays will pay $453 million to U.S. and British authorities to settle allegations that it manipulated ... of the London interbank offered rate, or Libor, which underpins some $360 trillion of loans and financial ...
    06/28/2012 - 12:35 am | View Link
  • Barclays Paying $451 Million in LIBOR-Fixing Case, Who’s Next?
    In the first major action by financial regulators in the U.S. and the U.K. against the various banks they were investigating over the alleged fixing of LIBOR, Barclays (NYSE:BCS) is paying $451 million to settle the case over its involvement in ...
    06/27/2012 - 1:00 pm | View Link
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BING SEARCH:
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  • Libor (Barclays Interest Rate Manipulation Case)
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  • Rabobank to Pay $475 Million Penalty to Settle ...
    October 29, 2013 . Rabobank to Pay $475 Million Penalty to Settle Manipulation and False Reporting Charges Related to LIBOR and Euribor CFTC Order Finds that for ...
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  • Deutsche Bank to Pay $800 Million Penalty to Settle CFTC ...
    April 23, 2015. Deutsche Bank to Pay $800 Million Penalty to Settle CFTC Charges of Manipulation, Attempted Manipulation, and False Reporting of LIBOR and Euribor
    05/25/2015 - 9:55 pm | View Website
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