Monday, Aug. 8, 2016 | 1:53 p.m.
CARSON CITY — Nevada is among 43 states and the District of Columbia expected to receive a share of a $100 million settlement in a case alleging that Barclays Bank improperly set key interest rates that affected payments on investments almost a decade ago.
State Attorney General Adam Laxalt said Monday the national settlement with Barclays Bank PLC and Barclays Capital Inc. stemmed from allegations about the manipulation of the London Interbank Offered Rate, or LIBOR.
Laxalt's spokeswoman, Monica Moazez, said she couldn't immediately provide an amount that Nevada will receive.
Authorities say that in the global financial crisis from 2007 to 2009, the British bank lowered rates to avoid the appearance that Barclays was in financial trouble.
They also say that from 2005 to 2009 Barclays traders requested rates to benefit their trading positions.
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