- Barclays (BCS +2.7%) agrees to a $100M settlement to end investigations by 43 states and D.C. into its alleged manipulation of LIBOR rates in the mid-2000s.
- The settlement comes four years after BCS resolved similar charges with U.S. and U.K. authorities; the state attorneys general, led by New York and Connecticut, launched their own probes in 2012 in the wake of those charges.
- BCS is the first of several global banks to resolve LIBOR manipulation allegations from state attorneys general that already have paid billions of dollars in penalties to resolve similar criminal and civil charges.