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   
BING NEWS:
  • Barclays Pays Further $100 Million over Libor Manipulation Claims
    Barclays Bank PLC and Barclays Capital Inc. today settled charges it had manipulated the Libor interest rate benchmark between 2005 and 2009, paying ... to settle with US and UK authorities over Libor-rigging. In 2012, the bank was fined $385 million ...
    08/8/2016 - 10:31 am | View Link
  • Barclays Agrees to Settle Libor-Rigging Inquiry for $100 Million
    Barclays is once again paying money to regulators to settle allegations ... which comes roughly four years after the bank paid $450 million to settle claims of Libor manipulation with federal and British authorities. The settlement with state regulators ...
    08/8/2016 - 7:31 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
  • Barclays paying US$453m to settle Libor probe
    WASHINGTON/LONDON: UK bank Barclays will pay US$453 million to US and British authorities to settle allegations that it manipulated ... the reliability of the London interbank offered rate, or Libor, which underpins some US$360 trillion of loans and ...
    06/27/2012 - 1:00 pm | View Link
  • Barclays to pay $450M-plus to settle LIBOR charges
    Barclays PLC and its subsidiaries have agreed to pay more than $450 million to settle charges that it attempted to manipulate ... is the largest in the agency's history. Barclays is also paying $160 million to the U.S. Justice Department and almost $ ...
    06/27/2012 - 4:10 am | View Link
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BING SEARCH:
  • LIBOR Lawsuits Could Have Bankrupted RBC, Says U.S. Court
    The Royal Bank of Canada is among 16 multinational banks that have to face lawsuits in the U.S. over their role in an interest rate rigging scandal.
    08/24/2016 - 10:18 pm | View Website
  • Libor scandal
    The Libor scandal was a series of fraudulent actions connected to the Libor (London Interbank Offered Rate) and also the resulting investigation and reaction.
    08/24/2016 - 1:43 pm | View Website
  • The Libor Investigation
    Barclays PLC agreed to pay $100 million to end investigations by 43 states and the District of Columbia into its alleged manipulation of the London interbank offered ...
    08/24/2016 - 11:55 am | View Website
  • Barclays
    Barclays / ˈ b ɑːr k l i z / is a British multinational banking and financial services company headquartered in London. It is a universal bank with operations in ...
    08/23/2016 - 9:58 pm | View Website
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    08/23/2016 - 4:47 am | View Website
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