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 to pay $450M-plus to settle LIBOR charges
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  • Barclays to pay $450-million to settle U.K., U.S. Libor probes
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  • 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 ...
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