Barclays Backs Libor Based on Transactions Rather Than Estimates

Barclays Backs Libor Based on Transactions Rather Than Estimates

Jason Alden/Bloomberg

A Barclays Plc logo sits illuminated at night on the company's headquarters in the Canary Wharf business and financial district in London. Barclays, UBS AG and Royal Bank of Scotland Group Plc have paid a combined $2.5 billion since June in fines stemming from the rate-rigging investigation involving about 20 banks.