US (CNN Money): Fortune - U.K. bank Barclays agreed to pay $453 million to settle claims brought by U.S. and U.K. bank regulators and law enforcement officials that the bank participated in a scheme to fix two key lending rates, including the closely watched LIBOR, which affects as much as $350 trillion in loans and derivatives.
Of the $453 million paid by Barclays, $200 million was to the Commodity Futures Tradings Commission, which is the largest civil fine levied by that regulator in history. The bank agreed to pay another $160 million to settle charges brought by the U.S. Department of Justice, and nearly $93 million to the U.K. Financial Services Authority.
TORONTO (AP): — The first BlackBerry device running Research In Motion Ltd.'s new operating software will not have a physical keyboard, only a touch-screen one.
The BlackBerry 10 software will be offered on devices with physical keyboards in the future, but RIM spokeswomen Rebecca Freiburger declined to say when. RIM is expected to start selling BlackBerry 10 touch-screen devices this year.
NEW YORK (CNNMoney) -- A hedge fund manager who lost more than $1 billion of his investors' money to Ponzi schemer Bernard Madoff has agreed to pay his clients more than $400 million in compensation, the New York attorney general said Monday.
J. Ezra Merkin, the hedge fund manager, agreed to pay $405 million to compensate investors and another $5 million to the state of New York to cover fees and costs, the office of Attorney General Eric Schneiderman said.
(BBC News): Eurozone countries have agreed to lend up to 100bn euros ($125bn; £80bn).
No specific figures were given for the emergency loans, although independent audits last week said that the banks would need up to 62bn euros to stabilise themselves.
But Spain's economy ministry said that the audits, and a report from the IMF, should be a starting point.