WASHINGTON (Reuters) - The U.S. Commodity Futures Trading Commission on Monday ordered French bank Société Générale SA (PA:SOGN) 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.