Barclays Hit With Cross-Border Fines Over Libor, Euribor

The U.K. Financial Services Authority has fined Barclays GBP59.5 million (USD92.7 million), the largest ever fine handed out by the regulator, for misconduct relating to Libor and Euribor. The U.S. Department of Justice has fined the firm USD160 million, while the U.S. Commodity Futures Trading Commission has issued a fine of USD200 million.