Libor Fines to Exceed $452 Million for Barclays Rivals, Sky Says
Fines for fixing the London interbank offered rate will probably be more than 290 million pounds ($452 million) for some of the other banks involved, Sky News reported, citing a Barclays e-mail to staff sent July 13.
“As other banks settle with authorities, and their details become public, and various governments’ inquiries shed more light, our situation will eventually be put in perspective,” the internal memorandum, co-authored by Barclays Chairman Marcus Agius, said, according to the website.
Simon Eaton, a London-based spokesman for Barclays, declined to comment when reached by phone today.
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