Barclays, UBS, HSBC Agree To $36M Settlement In Libor Suit

Law360, New York (June 7, 2017, 1:48 PM EDT) -- Barclays Bank PLC, UBS AG and HSBC Bank PLC have agreed to pay into a $36.1 million fund to settle a putative class of bondholders' claims that the banks conspired to manipulate the London Interbank Offered Rate, according to proposed settlements filed in New York federal court on Wednesday.

UBS AG is among the banks that have agreed to pay into a $36.1 million fund to settle a Libor suit, according to proposed settlements filed in a New York court. (AP) Bondholders Ellen Gelboim and Linda Zacher asked U.S. District Judge Naomi Reice Buchwald to grant preliminary approval of the settlements,...

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