Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Barclays PLC    BARC   GB0031348658

BARCLAYS PLC

(BARC)
  Report  
Real-time Quote. Real-time CHI-X - 08/21 11:30:00 am
139.33 GBp   +0.61%
11:49aGermany for First Time Sells 30-Year Bonds Offering Negative Yields -- Update
DJ
11:13aBARCLAYS : Form 8.3 - Allergan Plc - Amendment
PU
10:38aBARCLAYS : Form 8.3 - ABBVIE INC AMENDMENT
PU
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Barclays reaches $100 million U.S. Libor settlement - NY attorney general

share with twitter share with LinkedIn share with facebook
share via e-mail
0
08/08/2016 | 01:33pm EDT
A

WASHINGTON (Reuters) - Barclays (>> Barclays PLC) has reached a $100 million (£76.70 million) multi-state settlement over charges that it manipulated the Libor and Euribor interest rate benchmarks, New York Attorney General Eric Schneiderman said on Monday.

WASHINGTON (Reuters) - Barclays (>> Barclays PLC) has reached a $100 million (£76.70 million) multi-state settlement over charges that it manipulated the Libor and Euribor interest rate benchmarks, New York Attorney General Eric Schneiderman said on Monday.

The settlement with 44 states marks the latest in a series of enforcement actions the bank has faced in connection with Libor manipulation.

Barclays is the first of several banks under investigation by state attorneys general to reach a settlement, Schneiderman said in a statement, adding that the bank cooperated with the multi-state probe.

He said government entities and non-profits were "defrauded of millions" when they entered into swap contracts with Barclays as a result of the rate-rigging.

In 2012, Barclays reached a $453 million agreement with the U.S. Justice Department, the Commodity Futures Trading Commission and British authorities to settle parallel charges.

As part of its agreement with the Justice Department, Barclays admitted to wrongdoing that occurred between August 2005 and May 2008, when some of its traders called their counterparts at competing institutions and colluded to submit Libor rates that benefited their trading positions.

"Barclays is pleased to have resolved the state attorneys' general investigation into Barclays' legacy LIBOR- and Euribor-related activities," a Barclays spokesman said.

"We believe this settlement is in the best interests of our shareholders and clients, and allows us to continue to focus on the future and serve our clients."

Other banks that have reached settlements with U.S. authorities in connection with Libor rate-rigging scandals include UBS (>> UBS Group AG), Royal Bank of Scotland (>> Royal Bank of Scotland Group plc), Deutsche Bank (>> Deutsche Bank AG) and ICAP (>> ICAP plc).

"There has to be one set of rules for everyone, no matter how rich or how powerful, and that includes big banks and other financial institutions that engage in fraud or impair the fair functioning of financial markets," Schneiderman said.

(Reporting by Sarah N. Lynch; Editing by Paul Simao)

By Sarah N. Lynch

Stocks mentioned in the article
ChangeLast1st jan.
BARCLAYS PLC 0.51% 139.18 Delayed Quote.-8.00%
ROYAL BANK OF SCOTLAND GROUP -1.41% 181.9 Delayed Quote.-14.86%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on BARCLAYS PLC
11:49aGermany for First Time Sells 30-Year Bonds Offering Negative Yields -- Update
DJ
11:13aBARCLAYS : Form 8.3 - Allergan Plc - Amendment
PU
10:38aBARCLAYS : Form 8.3 - ABBVIE INC AMENDMENT
PU
10:38aBARCLAYS : Form 8.3 - ALLERGAN PLC AMENDMENT
PU
08:58aBARCLAYS : Form 8.3 - ABBVIE INC
PU
08:58aBARCLAYS : Form 8.3 - ALLERGAN PLC
PU
08:58aBARCLAYS : Form 8.3 - GREEN REIT PLC
PU
07:36aGlobal Stocks Rise Ahead of Fed Minutes
DJ
06:48aBARCLAYS : Form 8.5 (EPT/NON-RI) - INMARSAT PLC
PU
06:48aBARCLAYS : Form 8.5 (ept/non-ri) - onesavings bank plc
PU
More news
Financials (GBP)
Sales 2019 21 270 M
EBIT 2019 7 513 M
Net income 2019 3 531 M
Debt 2019 -
Yield 2019 6,50%
P/E ratio 2019 6,61x
P/E ratio 2020 5,99x
Capi. / Sales2019 1,13x
Capi. / Sales2020 1,09x
Capitalization 23 995 M
Chart BARCLAYS PLC
Duration : Period :
Barclays PLC Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends BARCLAYS PLC
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 25
Average target price 189,42  GBp
Last Close Price 138,48  GBp
Spread / Highest target 102%
Spread / Average Target 36,8%
Spread / Lowest Target -20,1%
EPS Revisions
Managers
NameTitle
James Edward Staley Group Chief Executive Officer & Director
John McFarlane Group Chairman
Paul Compton Group Chief Operating Officer
Tushar Morzaria Group Finance Director & Executive Director
John Stecher Chief Innovation Officer
Sector and Competitors
1st jan.Capitalization (M$)
BARCLAYS PLC-8.00%29 013
JP MORGAN CHASE & COMPANY9.93%343 071
INDUSTRIAL AND COMMERCIAL BANK OF CHINA2.46%261 632
BANK OF AMERICA10.67%248 718
WELLS FARGO & COMPANY-3.04%196 865
CHINA CONSTRUCTION BANK CORPORATION9.73%185 138