Barclays hit by $450 million fines over LIBOR, EURIBOR manipulation

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Wednesday 27, June 2012 by Robin Amlôt

Barclays hit by $450 million fines over LIBOR, EURIBOR manipulation

Barclays has been fined a sum totalling more than $450 million by authorities in the UK and the US for misconduct and attempted manipulation of LIBOR (London Interbank Offered Rate), which is used to benchmark some $360 trillion in contracts globally.

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