Barclays Agrees to Pay $100 Million Over State Libor Probes

Updated on
  • Barclays was fined 290 million pounds over Libor rate in 2012
  • UK-based bank is first to settle multi-state investigation

The Barclays Capital building in New York.

Photographer: Andrew Harrer/Bloomberg

Barclays Plc agreed to pay $100 million to 44 U.S. states to resolve an investigation into interest-rate manipulation by the British bank. Its the first lender to settle state probes into false rate submissions that inflated borrowing costs linked to the London and U.S. dollar interbank offered rates.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.