Icap fined $87.4m for Libor manipulation as brokers charged

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Interdealer broker Icap Europe has agreed to pay $87.4 million to US and UK regulators over misconduct related to Libor.

The UK's Financial Conduct Authority (FCA) imposed a penalty of £14 million ($22.4 million) while the US Commodity Futures Trading Commission (CFTC) requires the broker to pay $65 million.

The fines come as criminal charges were filed against three former Icap Europe employees by the US Department of Justice (DoJ).

Daniel Wilkinson and Colin Goodman, both from the UK, and Darr

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