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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YAHOO NEWS:
  • RBS writes off further £780m
    Royal Bank of Scotland wrote off another £780 million for past misconduct today and suggested more pain was to come before taxpayers would see a return on their £46 billion bail-out of the lender.
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  • RBS writes off another £780m for past errors...and there's more pain to come
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  • Site Last Updated 9:29 am, Wednesday
    NEW YORK: Large American and European banks are nearing settlement deals with British regulators over rigging interest rates and manipulating the foreign exchange market, sources told AFP.
    10/8/2014 - 1:46 pm | View Link
  • US, Euro banks near deals on Libor, forex rigging
    NEW YORK: Large American and European banks are nearing settlement deals with British regulators over rigging interest rates and manipulating the foreign exchange market, sources told AFP Tuesday. The overall settlement for charges of illegally manipulating the London Interbank Offered Rate (Libor) would be billions of dollars. The scale of penalties is similar in the talks over manipulation of ...
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  • US, Euro banks near deals on Libor, forex rigging: source
    New York (AFP) - Large American and European banks are nearing settlement deals with British regulators over rigging interest rates and manipulating the foreign exchange market, sources told AFP Tuesday.
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BING NEWS:
  • 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 ... The CFTC ordered the bank to pay a $200 million penalty, the largest civil monetary penalty it has ever ...
    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 key interest rates, increasing pressure on other banks to cooperate in a probe that could cost the 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 $453 mln 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 r ate, or Libor, w hich underpins some $360 trillion of loans and financial ...
    06/27/2012 - 12:06 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 - 11:13 am | View Link
  • More
BING SEARCH:
  • CFTC Orders Barclays to pay $200 Million Penalty for ...
    June 27, 2012. CFTC Orders Barclays to pay $200 Million Penalty for Attempted Manipulation of and False Reporting concerning LIBOR and Euribor Benchmark Interest Rates
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  • 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 ...
    10/30/2014 - 10:04 pm | View Website
  • Barclays Bank PLC Admits Misconduct Related to Submissions ...
    Barclays Bank PLC Admits Misconduct Related to Submissions for the London Interbank Offered Rate and the Euro Interbank Offered Rate and Agrees to Pay $160 Million ...
    10/28/2014 - 10:06 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.
    10/28/2014 - 2:21 pm | View Website
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