June 4, 2018 / 5:11 PM / 21 days ago

CFTC orders French bank Societe Generale to pay $475 mln penalty

WASHINGTON, June 4 (Reuters) - The U.S. Commodity Futures Trading Commission on Monday ordered French bank Société Générale SA to pay a $475 million penalty to resolve charges it manipulated the London Interbank Offered Rate, or LIBOR, and the Euro Interbank Offered Rate, or Euribor.

The action was part of a larger $860 million settlement to resolve criminal charges in the United States and France against the Paris-based bank. (Reporting by David Alexander Editing by Eric Walsh)

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