Barclays, U.S. Say Libor Probe Doesn’t Affect 2010 Case
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Barclays Plc and the U.S. Justice Department said the bank’s settlement of allegations involving its manipulation of the London interbank offered rate has “no effect” on a 2010 deferred-prosecution agreement requiring the bank to stay out of criminal trouble.
Barclays’s conduct related to its submissions of benchmark interest rates occurred from about 2005 through 2009 -- before the bank signed the agreement, lawyers for Barclays and the U.S. said today in a filing in federal court in Washington.