Barclays bank reaches settlement in US over interest rates

Barclays Bank has agreed to pay 100 million US dollars (£77m) to 43 states and the District of Columbia to settle allegations it improperly set key interest rates almost a decade ago, affecting payments on investments.

Monday's settlement includes 93.5 million US dollars (£72m) in restitution and costs of the investigation led by the New York and Connecticut attorneys general.