Barclays to pay $100m to US states over rates

August 8, 2016 4:52 PM

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Latest settlement in series of probes into manipulation of rates

British bank Barclays has agreed to pay $100m to 44 US states to resolve an investigation into interest rate manipulation. It is the first bank to settle state probes into false rate submissions that inflated borrowing costs linked to the London and US dollar interbank rates.

Also read: Draghi Defends ECB’s Easy-Money Policies

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