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Barclays Proposes ‘Ice Breaker’ $94M Settlement for Euribor Case

November 4, 2015 by Eugene Grygo

Barclays has stepped forward and proposed a potentially trend-setting $94 million settlement with U.S. authorities over the antitrust case brought against it and 10 other banks over allegations they commandeered the European Interbank Offered Rate (Euribor) to their advantage. This proposed settlement for Sullivan et al v Barclays Plc, case number 13-02811, is before Judge… Read More >>

Filed Under: General Interest, Regulation & Compliance, Industry News Tagged With: antitrust, Antitrust Criminal Penalty Enhancement and Reform Act of 2004, Barclays, Citigroup, Coöperatieve Centrale Raiffeisenboerenleenbank, Crédit Agricole, Deutsche Bank, Euribor Case, European Interbank Offered Rate, HSBC, ICAP, JPMorgan Chase & Co., Kenneth R. Feinberg, Societe Generale, Sullivan et al v Barclays Plc, TARP, The Royal Bank of Scotland, UBS

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