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:
  • JPMorgan, Barclays, S&P, Argentina, Amazon: Compliance - Bloomberg
    Lawsuit alleges JPMorgan mismanaged church trust, boosted fees - Reuters
    08/13/2014 - 1:20 pm | View Link
  • More
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 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 $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 - 12:04 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
  • 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 ...
    06/27/2012 - 6:56 am | View Link
  • More
BING SEARCH:
  • Banking News
    Banking news, banks, online banking services, electronic banking, loans, and overall banking industry coverage.
    08/22/2014 - 11:04 pm | View Website
  • USDOJ: Barclays Bank PLC Agrees to Forfeit $298 Million in ...
    Barclays Bank PLC Agrees to Forfeit $298 Million in Connection with Violations of the International Emergency Economic Powers Act and the Trading with the ...
    08/22/2014 - 7:37 pm | View Website
  • UBS to Pay $1.5 Billion to Settle Libor Charges
    UBS will pay $1.5 billion to settle accusations by regulators that the bank tried to rig benchmark Libor rates. Arrests are expected to follow.
    08/22/2014 - 4:45 pm | View Website
  • FHFA Announces $280 Million Settlement with Barclays Bank PLC
    Washington, D.C. – The Federal Housing Finance Agency (FHFA), as conservator of Fannie Mae and Freddie Mac, today announced a settlement with Barclays Bank PLC ...
    08/22/2014 - 1:39 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.
    08/22/2014 - 10:54 am | View Website
  • More
Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News