LIBOR Manipulation Hurt Government and Not-for-profit Organizations in Illinois and Across the Country
Chicago — (ENEWSPF)--August 9, 2016. Attorney General Lisa Madigan announced yesterday a $100 million settlement with Barclays Bank PLC and Barclays Capital Inc. for fraudulent and anticompetitive conduct involving the manipulation of LIBOR, a benchmark interest rate that affects financial instruments worth trillions of dollars and has a widespread impact on global markets and consumers.
The investigation, conducted by a multistate working group of 43 states and Washington, D.C., revealed that Barclays manipulated LIBOR through two different . . .