Barclays is the first big bank to settle with U.S. and British authorities, who are investigating allegations of similar conduct by traders at other banks.
A spokeswoman for the Department of Justice in Washington, D.C. declined to comment.
Lawyers familiar with the investigation say federal prosecutors continue to reach out to individuals to gauge interest in cooperating or taking pleas.
They said U.S. prosecutors are expected to begin making decisions in early September about whether to charge individual traders. The lawyers said authorities are furthest along in their investigation with regards to the Barclays traders.
One former Barclays employee also drawing scrutiny in the investigation is Jay V. Merchant, who began working for Barclays in 1998 and remained with the British bank until the end of 2009. Merchant worked for Barclays in New York from 2006 to 2009 and was a top trader reporting to Pal.
Two weeks ago, Merchant left his position as head of swap trading at UBS, shortly after Reuters reported that he had hired an attorney and his activities at Barclays were being examined by investigators.
Reuters previously has reported that Ryan Reich, another trader who was part of Pal's team at Barclays, was fired by the bank in 2010 for sending inappropriate emails about Libor.
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