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In 2014, Bank of America paid $16.7bn to US authorities to settle similar charges.
The bank agreed this year to pay $612 million to British and American authorities to settle accusations of rate-rigging.
He said some people had approached the tax authorities to settle their affairs before action was taken.
Barclays last month agreed to pay $453m to British and US authorities to settle allegations that it manipulated Libor.
The bank also agreed to a $780 million fine in 2009 with United States authorities to settle charges that it helped American clients avoid paying taxes.
HSBC, Europe's largest bank, agreed to a record $1.92 billion fine last year with American authorities to settle similar money laundering charges.
Similar(24)
(b) Those ship stations utilizing an accounting authority's AAIC for which the subject accounting authority certification has been suspended, cancelled or relinquished, should make contractual arrangements with another properly authorized accounting authority to settle its accounts.
§ 750.66 Officials with authority to settle.
Lawyers are required to have the authority to settle.
Quarrels can turn into feuds for lack of a higher authority to settle them.
By law, the Comptroller General has authority to settle all claims against the Federal Government.
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CEO of Professional Science Editing for Scientists @ prosciediting.com