Barclays To Pay $100M To Settle Libor Manipulation Claims

(August 9, 2016, 9:50 AM EDT) -- NEW YORK — Barclays Bank PLC and Barclays Capital Inc. will pay $100 million to settle claims with 44 states that they engaged in fraudulent and anti-competitive conduction in manipulating the U.S. Dollar London Interbank Offered Rate (LIBOR) “and other benchmark interest rates,” according to a press release issued on Aug. 8 by New York Attorney General Eric T. Schneiderman.

(Settlement agreement available. Document #57-160815-017X.)

According to the press release, the investigation, which was led by Schneiderman and Connecticut Attorney General George Jepsen, found that “at...
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