The CFTC has just issued a press release announcing that it has ordered Barclays to pay $200 million penalty for manipulation of LIBOR and Euribor (press release, order and statement are available here). Here is opening paragraph of CFTC press release :
The U.S. Commodity Futures Trading Commission (CFTC) issued an Order today filing and settling charges against Barclays PLC, Barclays Bank PLC (Barclays Bank) and Barclays Capital Inc. (Barclays Capital) (collectively Barclays or the Bank). The Order finds that Barclays attempted to manipulate and made false reports concerning 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.
Just in case anyone ever tells you differently, interest rates are commodities for purposes of CFTC rules, as is just about anything other than securities, spring onions and movie box office receipts.
Other fines (levied by U.S. Department of Justice and UK FSA) totaled in excess of an additional $150 million.
Good day. Good (not sure what to say). TSR