Barclays to pay £290m penalties

Banking giant Barclays is to pay penalties of £290m to settle claims that it manipulated the interbank lending rate.

Barclays to pay £290m penalties
Wed, 27 Jun, 2012 - 15:38

Banking giant Barclays is to pay penalties of £290m to settle claims that it manipulated the interbank lending rate.

The bank was fined £59.5m – the largest imposed by City watchdog the FSA - and also agreed payments to authorities in the US.

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