And, Barclays is also a manager of corporate South Africa; and, we trust them? to control our wealth? to manipulate our currency? to hold the people ransom? in peace
For the second time in the last four years, British bank Barclays PLC has agreed to pay out a large sum of money to settle accusations it manipulated a major benchmark interest rate in London.
Barclays agreed Monday to pay $100 million to nearly every U.S. state, which brought a lawsuit against the bank claiming it unlawfully manipulated the London interbank offered rate (LIBOR), which is used to set prices in consumer transactions, for years during the 2000s.
According to the 44 plaintiff states in the suit, the bank and employees artificially manipulated Libor prices with agreements that defrauded government agencies and nonprofits out of millions of dollars, The New York Times reported.
The accusations said Barclays’ motive was to improve the appearances of the bank’s fiscal health during the financial crisis — at the expense of the government and nonprofits.
Barclays, the first bank to settle the…
View original post 191 more words