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August 9, 2016

Barclays to Pay $100 Million to U.S. States over Libor Scandal
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In financial news, British banking giant Barclays Bank has agreed to pay
$100 million in a settlement with 44 U.S. states for rigging Libor, the
interest rate which underpins trillions in global transactions. British
and U.S. authorities have taken action against a number of banks over
alleged rate manipulation since 2012. This was the first settlement
between a bank and U.S. states.


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