Barclays Pays Further $100 Million over Libor Manipulation Claims
Posted: Sun Aug 07, 2016 7:31 pm
Barclays Bank PLC and Barclays Capital Inc. today settled charges it had manipulated the Libor interest rate benchmark between 2005 and 2009, paying fines totaling $100 million to 43 states and the District of Columbia. The settlement made public on Monday resolves antitrust and other claims against the bank which “was pleased to have resolved the state investigations into legacy activities,” according to a Barclays spokesman.
“We believe this settlement is in the best interests of our shareholders and clients, and allows us to continue to focus on the future and serve our clients,” the spokesman added.
The fresh penalties would bring the ... (read more)