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Barclays paying $453 million to settle Libor probe
Jun 28th, 2012
WASHINGTON/LONDON (Reuters) - U.K. bank Barclays will pay $453 million to U.S. and British authorities to settle allegations that it manipulated key interest rates, increasing pressure on other banks to cooperate in a probe that could cost the financial industry billions of dollars. The settlement raises fresh questions about the reliability of the London interbank offered rate, or Libor, which underpins some $360 trillion of loans and financial contracts. ... (Source: Reuters) -
(Reuters) - Citigroup Inc has sued Barclays Plc to recover more than $141 million for providing foreign exchange services to a unit of Lehman Brothers Holdings Inc soon after Lehman's bankruptcy. The complaint filed late Monday in the U.S. District Court in Manhattan related to Citigroup's role in the Continuous Linked Settlement system, ... [Full Article]
LONDON (Reuters) - Britain's Financial Conduct Authority (FCA) said it has fined U.S. bank JPMorgan 3.08 million pounds for being unable to show it was giving clients the right advice. The FCA said on Thursday the failings were not corrected until the watchdog brought them to the firm's attention in the course of its wider review of wealt... [Full Article]
TEL AVIV, Israel (AP) - U.S. Secretary of State John Kerry says Israel's government should prevent further settlement construction, where possible, to help revitalize Middle East peace hopes. (Source: Associated Press)... [Full Article]
CARACAS (Reuters) - Venezuela's prosecutor's office said on Thursday it would open an investigation into in a recording the opposition says features a top government ally accusing the deputy head of the ruling Socialist Party of corruption and conspiring against the new president. Opposition deputies on Monday broadcast the recording of a... [Full Article]
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