Barclays Said to Face US Fine for Breaching Libor Settlement
Barclays Likely to Be Fined Over Libor Settlement
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Barclays Plc will probably be fined for violating a three-year-old settlement over interest-rate rigging, but U.S. prosecutors will stop short of seeking a guilty plea, which they are demanding from UBS AG, people familiar with the matter said.
The fine would come on top of a penalty that the Justice Department is poised to announce in coming days when it resolves a probe of Barclays and four other banks for manipulating currency benchmarks, said three people, who asked not to be named because the decision isn’t final.