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   
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  • 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
    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 ...
    06/27/2012 - 1:00 pm | View Link
  • Barclays paying $453 mln to settle Libor probe
    The CFTC ordered the bank to pay a $200 million penalty ... the current review of Libor," the association said. Several banks have suspended traders over the investigations. No criminal charges have been filed. Even if banks settle with regulators ...
    06/27/2012 - 11:58 am | 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 - 11:13 am | View Link
  • Barclays paying $453 mln to settle Libor probe
    Barclays admitted to trying to make Libor look artificially low ... Barclays regularly reported borrowing rates lower than the rates it was actually paying during the financial crisis in order to mask its distress, according to a statement from the ...
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