Barclays Deal Is $453 Million Harbinger of Bigger Libor Woes

, The Litigation Daily


The worldwide probe into global interest rate manipulation has been called the "Wall Street scandal no one is talking about." But there was plenty of talk on Wednesday, when Barclays agreed to pay nearly half-a-billon dollars to U.S. and U.K. authorities and copped to wrongdoing, divulging a trove of incriminating evidence and delighting class action plaintiffs lawyers.

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