In financial news, British banking giant Barclays Bank has agreed to pay $100 million in a settlement with 44 U.S. states for rigging Libor, the interest rate which underpins trillions in global transactions. British and U.S. authorities have taken action against a number of banks over alleged rate manipulation since 2012. This was the first settlement between a bank and U.S. states.
Barclays to Pay $100 Million to U.S. States over Libor Scandal
HeadlineAug 09, 2016