Matt Levine, Columnist

Libor Fines and Robot Analysts

Also Tidjane Thiam, squawk boxes, fintech and occasional hysterical laughing.

August 9, 2016 at 1:29 PM UTC

Matt Levine is a Bloomberg Opinion columnist. A former investment banker at Goldman Sachs, he was a mergers and acquisitions lawyer at Wachtell, Lipton, Rosen & Katz; a clerk for the U.S. Court of Appeals for the 3rd Circuit; and an editor of Dealbreaker.

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Libor fines?

Libor fines! Barclays, which in 2012 paid $160 million to the U.S. Department of Justice, $200 million to the Commodity Futures Trading Commission and 59.5 million pounds to the U.K. Financial Services Authority for manipulating Libor, will pay another $100 million to a collection of U.S. state attorneys general for manipulating Libor. There are 44 states involved in this settlement, which I guess technically means that Barclays has now been fined 47 times for the same Libor manipulation.