DealBook: Barclays Chief Faces Political Firestorm

Barclays Bank has agreed to pay more than $450 million to settle charges it attempted to manipulate key interest rates.

Barclays Bank PLC has agreed to pay more than $450 million to settle charges it attempted to manipulate key interest rates.

GENEVA — Switzerland‘s UBS AG agreed Wednesday to pay some $1.5 billion in fines to international regulators following a probe into the rigging of a key global interest rate. In admitting to fraud, Switzerland’s largest bank became the second bank, after Britain’s Barclays PLC, to settle over the rate-rigging scandal. The fine, which will be paid to authorities in the U.S., Britain and Switzerland, also comes just over a week after HSBC PLC agreed to pay nearly $2 billion for alleged money laundering.

GENEVA — Switzerland‘s UBS AG agreed Wednesday to pay some $1.5 billion in fines to international regulators following a probe into the rigging of a key global interest rate. In admitting to fraud, Switzerland’s largest bank became the second bank, after Britain’s Barclays PLC, to settle over the rate-rigging scandal. The fine, which will be paid to authorities in the U.S., Britain and Switzerland, also comes just over a week after HSBC PLC agreed to pay nearly $2 billion for alleged money laundering.

The British bank has agreed to pay hundreds of millions of dollars after it was accused of attempting to manipulate a key interest rate, according to people briefed on the matter.

(NEW YORK) — Barclays PLC and its subsidiaries have agreed to pay more than $400 million to settle charges that it attempted to manipulate and made false reports related to setting key global interest rates.

Barclays said Friday it paid its chief executive, Robert E. Diamond Jr., £6.3 million, or $10.3 million, for last year, with his pay falling as profit at the big British bank slipped.

Barclays PLC and its subsidiaries have agreed to pay more than $400 million to settle charges that it attempted to manipulate and made false reports related setting key global interest rates.