Barclays paying $453 million to settle Libor probe

Full story: 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.

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curtaintwitcher

If these banking leaders are found to be guilty of criminal acts regarding manipulating interest rates, then surely they should be referred to the criminal justice system and custodial sentences should be handed down, certain banks have got away with too much for far too long
posted by curtaintwitcher @ www.socket2em.co.uk

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