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 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
  • 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 paying $453 million to settle Libor probe
    The settlement raises fresh questions about the reliability of the London interbank offered rate, or Libor, which underpins some $360 trillion of loans and financial contracts. The attempted manipulation, which according to authorities took place from 2005 ...
    06/27/2012 - 12:13 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 - 11:51 am | View Link
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