18th Nov 2015 06:39
LONDON (Alliance News) - Barclays PLC will pay at least another USD100.0 million in a settlement with the New York financial regulator to resolve allegations that it rigged foreign exchange markets, Reuters reported, citing a person familiar with the matter.
The source said Barclays may reach a settlement with the New York Department of Financial Services by next month.
The bank already agreed to pay USD120.0 million earlier this month to settle a private case against it in the US in which it was accused of conspiring with rivals to rig the Libor benchmark interest rate.
http://uk.reuters.com/article/2015/11/18/uk-barclays-forex-probe-idUKKCN0T62Q020151118
By Sam Unsted; [email protected]; @SamUAtAlliance
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