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Barclays to pay US$20m to settle Libor suit

Plaintiffs also say that it will help them in their claims against other banks
Friday, October 10, 2014 - 05:50

BT_20141010_BARCLAYSNEW_1312410.jpg
Barclays was fined £290 million (S$596 million) by US and UK authorities in 2012 for submitting false London and euro interbank offered rates.

New York

BARCLAYS Plc has agreed to pay US$20 million and cooperate with a group of Eurodollar-futures traders suing other banks, to settle litigation over manipulation of the benchmark London interbank offered rate.

The accord, reached on Oct 8, resolves claims by people and firms

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