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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BING NEWS:
  • Deutsche Bank agrees to pay 2.5bn fine for manipulating the LIBOR rate
    The 2.5bn penalty includes Deutsche Bank paying 340 million to UK's Financial Conduct Authority (FCA), while the rest is paid to various US agencies. Under the settlement deal, Deutsche Bank has entered into a deferred prosecution agreement to settle ...
    04/23/2015 - 9:36 pm | View Link
  • Deutsche Bank fined 'record' $2.5bn for its role in Libor rate fixing
    Barclays was the first to settle allegations of manipulating Libor, paying £290 million of fines in 2012, mitigating its settlement by acting as whilstleblower in alerting authorities to the practices. UBS was fined $1.5 billion by UK and US authorities ...
    04/22/2015 - 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 ...
    06/28/2012 - 4:49 am | 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 $453 mln to settle Libor probe
    The settlement raises fresh questions about the reliability of the London interbank offered r ate, or Libor ... ordered the bank to pay a $200 million penalty, the largest civil monetary penalty it has ever imposed. Barclays also settled with the U.S ...
    06/27/2012 - 5:12 pm | View Link
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BING SEARCH:
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  • Libor (Barclays Interest Rate Manipulation Case)
    Chronology of Coverage. Apr. 24, 2015. Deutsche Bank agrees to pay $2.5 billion to settle charges that it manipulated worldwide interest rates as part of Libor ...
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  • Barclays and PPI + LIBOR Scandals
    Barclays PLC and LIBOR Scandal ... Saving this for later? Get the SlideShare app to save on your phone or tablet.
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  • Barclays | Newsroom
    Barclays uses cookies on this website. They help us to know a little bit about you and how you use our website, which improves the browsing experience and marketing ...
    04/25/2015 - 7:43 am | View Website
  • Barclays
    Barclays is a British multinational banking and financial services company headquartered in London. It is a universal bank with operations in retail, wholesale and ...
    04/25/2015 - 12:12 am | View Website
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