Barclays Deal May Fuel Criminal Cases Against UK, US Banks

Law360, New York (July 6, 2012, 5:40 PM EDT) -- The $450 million settlement by Barclays PLC over allegations it manipulated crucial interbank interest rates has handed prosecutors in the U.K. and U.S. perhaps their best chance to bring the signature financial crisis prosecution that has so far eluded them, experts say.

On Friday, the U.K. Serious Fraud Office announced it had officially opened a criminal investigation into the country's banking industry in the wake of Barclay's deal with American and British regulators. The U.S. Department of Justice is also continuing its probe into whether other...
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