Violation Tracker Individual Record

Company: 
Barclays PLC
Current Parent Company: 
Barclays
Penalty: 
$200,000,000
Year: 
2012
Date: 
June 27, 2012
Offense Group: 
competition-related offenses
Primary Offense: 
interest rate benchmark manipulation
Violation Description: 

The U.S. Commodity Futures Trading Commission settled charges against Barclays PLC, Barclays Bank PLC and Barclays Capital Inc. concerning attempts to manipulate and false reports relating to two global benchmark interest rates, LIBOR and Euribor, on numerous occasions and sometimes on a daily basis over a four-year period, commencing as early as 2005.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Commodity Futures Trading Commission
Civil or Criminal Case: 
civil
HQ Country of Parent: 
United Kingdom
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
banking
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.