Barclays Agrees to Settle Libor-Rigging Inquiry for $100 Million
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A Barclays bank branch in London. The multistate agreement announced Monday comes about four years after the bank paid $450 million to settle Libor manipulation claims with federal and British authorities.CreditKirsty Wigglesworth/Associated Press
Barclays is once again paying money to regulators to settle allegations that its employees sought to manipulate a major benchmark interest rate.
On Monday, the British bank agreed to pay $100 million to settle an investigation brought by 44 states into accusations of bid-rigging involving the London interbank offered rate, or Libor. Eric T. Schneiderman, the New York attorney general, announced the multistate settlement with Barclays, which comes roughly four years after the bank paid $450 million to settle claims of Libor manipulation with federal and British authorities…
Barclays Agrees to Settle Libor-Rigging Inquiry for $100 Million
