Barclays PLC and its subsidiaries have agreed to pay more
than $450 million to settle charges that it attempted to manipulate and made
false reports related to setting key global interest rates, HuffPo reports.
The rates indirectly affect the costs of hundreds of
trillions of dollars in loans that people pay when they get loans to go to
school, purchase a car or buy a house.
The U.S. Commodity Futures Trading Commission said Wednesday
that the incidents occurred between 2005 and 2009 and sometimes took place
daily. The $200 million civil penalty levied against Barclays as part of the
settlement is the largest in the agency's history.
Barclays is also paying $160 million to the U.S. Justice
Department and almost $93 million to British regulators…
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