Barclays Bank To Pay $450 Million To Settle Charges That It Manipulated Interest Rates

Barclays Bank To Pay $450 Million To Settle Charges That It Manipulated Interest Rates

Barclays Bank has agreed to pay out more than $450 million in settlements with the U.S. Department of Justice, the U.S. Commodities Futures Trading Commission and the British Financial Services Authority. Those entities said the bank had tried to manipulate key interest rates, which in turn affect mortgages, student loans and more. [More]