Barclays fined over manipulation

Written By Unknown on Wednesday, June 27, 2012 | 7:35 AM

Breaking news

The Financial Services Authority (FSA) has fined Barclays Bank £59.5m for misconduct relating to the London Interbank Offered Rate (Libor) and the Euro Interbank Offered Rate (Euribor).

This is the largest fine imposed by the FSA.

The FSA said: "Barclays' misconduct was serious, widespread and extended over a number of years.

"The integrity of benchmark reference rates such as Libor is of fundamental importance to... financial markets."

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