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   
BING NEWS:
  • Switzerland fines banks including JPMorgan and Barclays $97.3 million for Libor rigging
    COMCO began its investigation in December 2012, after Barclays became the first bank to settle allegations it had attempted to manipulate the London Interbank Offered Rate (LIBOR), paying a $450 million fine to U.S. and UK authorities. The COMCO penalties ...
    12/20/2016 - 5:45 pm | View Link
  • Three U.S.-based former Barclays traders appear in UK court
    The SFO in February charged three former London-based Barclays Libor submitters ... into Libor and related Euribor rates has been gathering steam. British and U.S. watchdogs fined brokerage RP Martin $2.3 million two weeks ago to settle claims its ...
    05/27/2014 - 3:54 am | View Link
  • Barclays Paying $280m to Settle Faulty Mortgage Bond Lawsuit
    Barclays will cough up $280m to settle a major mortgage backed securities lawsuit that ... It has already settled with Citi, JPMorgan, Morgan Stanley and Deutsche Bank. The multi-million settlement is yet another financial knock as Barclays defends itself ...
    04/24/2014 - 9:12 pm | View Link
  • Barclays: 'Ironic' Focus On Us A Result Of Settling Before Others
    Barclays was last week fined a record $450 million for inaccurately submitting ... it believed banks contributing to the Libor survey were deliberating reporting lower borrowing costs than they were actually paying. It said in the document that it "did ...
    07/3/2012 - 7:16 am | View Link
  • Barclays paying USD 453m to settle Libor probe
    UK bank Barclays will pay USD 453 million to US and British authorities to settle allegations that it manipulated key ... about the reliability of the London interbank offered r ate, or Libor, w hich underpins some USD 360 trillion of loans and financial ...
    06/28/2012 - 5:07 am | View Link
  • More
BING SEARCH:
  • Barclays to pay $450M-plus to settle LIBOR charges | New ...
    Barclays PLC and its subsidiaries have agreed to pay more than $450 million to settle charges that it attempted to manipulate and made false reports ...
    11/22/2017 - 6:06 am | View Website
  • Barclays to Pay $100 Million to Settle Multistate LIBOR ...
    The LIBOR scandal is back in the news with Attorney General Eric Schneiderman’s announcement of a $100 million settlement between Barclays and 44 states fo
    11/16/2017 - 10:24 am | View Website
  • Barclays Agrees to Settle Libor-Rigging Inquiry for $100 ...
    A Barclays bank branch in London. The multistate agreement announced Monday comes about four years after the bank paid $450 million to settle Libor ...
    08/9/2016 - 2:08 pm | View Website
  • The Oddities In Barclay's $100 Million Libor Settlement In ...
    Barclays has just announced that it has settled the case brought against it in the US over the manipulation of Libor. They're paying $100 million and this ...
    08/8/2016 - 7:53 pm | View Website
  • Barclays reaches $100M Libor settlement
    Barclays reaches $100M Libor settlement. British banking giant Barclays has agreed to pay $100 million to settle allegations that its manipulation of a ...
    08/8/2016 - 9:58 am | View Website
  • More
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