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CFTC to Settle Libor-Related Probe with Barclays

Wednesday, 27 Jun 2012 | 8:46 AM ET

Barclays will reportedly pay $200 million in penalties to settle a Libor probe. "These Libor rates impact the credit rates, the interest rates that people pay for everything," says Bart Chilton, CFTC commissioner, explaining how Barclays allegedly manipulated the Libor rate and the CFTC's plans to prevent this from happening again.